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82 chapters · 471 sections in this title.
Mich. Comp. Laws § 123.1341 Short title.
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Sec. 1. This act shall be known and may be cited as the "local community stabilization authority act".
Mich. Comp. Laws § 123.1343 Legislative findings; declarations; purpose of act.
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Sec. 3. (1) The legislature finds and declares all of the following: (a) That there exists in this state a continuing need to strengthen and revitalize the economy of this state and to organize the activities of local government in metropolitan areas in a manner that reduces gove…
Mich. Comp. Laws § 123.1345 Definitions.
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Sec. 5. As used in this act: (a) "Acquisition cost" means that term as defined in section 3 of the state essential services assessment act, 2014 PA 92, MCL 211.1053, multiplied by the following percentages: (i) For eligible personal property reported to the department and describ…
Mich. Comp. Laws § 123.1347 Local community stabilization authority; establishment; public body corporate and special authority; property of authority as public property; exemption from taxes and special assessments; presumption of validity; jurisdiction.
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Sec. 7. (1) The local community stabilization authority is established as a metropolitan government for the metropolitan areas of this state under section 27 of article VII of the state constitution of 1963. The authority is a public body corporate and a special authority. The au…