MI HB6188

Establishes a pilot project for up to 5 townships in different counties to participate in a development rights market program, with the Commission of Agriculture and Rural Development selecting participants within 180 days of the act's effective date.

Allows townships to adopt development rights market ordinances that enable landowners to purchase additional development rights to increase building intensity in designated receiving zones while preserving agricultural land in sending zones.

Requires townships to designate sending zones (where development should be less intense) and receiving zones (where higher intensity development is permitted), with ordinances specifying public benefits such as agricultural land protection, natural resource management, and redevelopment incentives.

Permits townships to purchase development rights at fair market value, temporarily hold them, and resell them to landowners at the same or lower price, with all purchases and sales being voluntary and at negotiated prices.

Requires participating townships to submit 2 annual reports to the department, with the Commission submitting a final report to the legislature within 4 months after the last report deadline.