MI HB6366

Modifies public notice requirements for tax increment financing authorities under the Recodified Tax Increment Financing Act by transitioning from newspaper publication to the local government public notice act beginning January 1, 2022.

Through December 31, 2021, maintains current requirement for twice-published newspaper notices; starting January 1, 2022, requires notices to be posted per the local government public notice act for public hearings on authority creation and development plans.

Retains requirement to post notice in at least 20 conspicuous public places within the proposed development area through December 31, 2021; eliminates this requirement beginning January 1, 2022.

Updates reference in section 805(5) from "the historical neighborhood tax increment finance authority act, 2004 PA 530" to "former 2004 PA 530" to reflect statutory repeal.

Bill takes effect only if Senate Bill No. ____ or House Bill No. 6440 is enacted into law.