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110 chapters · 1,399 sections in this title.
Mich. Comp. Laws § 125.2951 Short title.
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Sec. 1. This act shall be known and may be cited as the "next Michigan development act".
Mich. Comp. Laws § 125.2952 Legislative findings; declaration.
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Sec. 2. The legislature of this state finds and declares that there exists in this state the continuing need for programs to encourage economic development and investment, job creation and job retention, and ancillary economic growth in this state. To achieve these purposes, it i…
Mich. Comp. Laws § 125.2953 Definitions.
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Sec. 3. As used in this act: (a) "Eligible act 7 entity" means a separate legal and administrative entity formed by interlocal agreement under the urban cooperation act of 1967, 1967 (Ex Sess) PA 7, MCL 124.501 to 124.512, among 2 or more local governmental units, at least 1 of w…
Mich. Comp. Laws § 125.2954 Next Michigan development corporation; designation; eligibility; composition of territory; parties to interlocal agreement; application; preference.
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Sec. 4. (1) An eligible act 7 entity may apply to the board of the Michigan strategic fund for designation as a next Michigan development corporation under this act. An eligible urban entity may apply to the board of the Michigan strategic fund for designation as a next Michigan …