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MI SB0700
Bill
AI Summary
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Changes "may include" to "includes" in the definition of advance to make evidence of repayment intent mandatory rather than optional.
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Modifies the definition of "downtown district" to allow multiple separate geographic areas within a single downtown district if the municipality enters an agreement with a qualified township, is a city surrounding another city, or spans mainland and islands with water between areas.
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Replaces "shall be" with "are" and "shall" with "must" throughout the statute to modernize legislative language and clarify mandatory requirements.
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Updates references from "prior to" to "before," "upon" to "on," and "which" to "that" for grammatical consistency across multiple definitions.
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Corrects MCL citation in subdivision (cc)(vi) from "211.201" to "211.901" to accurately reference the state education tax act.
Legislative Description
Economic development: downtown development authorities; definition of downtown district; modify. Amends sec. 201 of 2018 PA 57 (MCL 125.4201).
Economic development: tax increment financing
Last Action
Referred To Second Reading
12/10/2024