THE LOCAL DEVELOPMENT FINANCING ACT (EXCERPT)
Act 281 of 1986
125.2157 Powers of board generally.
The board may:
(a) Study and analyze unemployment, underemployment, and joblessness and the impact of growth upon the authority district or districts.
(b) Plan and propose the construction, renovation, repair, remodeling, rehabilitation, restoration, preservation, or reconstruction of a public facility.
(c) Develop long-range plans, in cooperation with the agency which is chiefly responsible for planning in the municipality, to promote the growth of the authority district or districts, and take the steps that are necessary to implement the plans to the fullest extent possible to create jobs, and promote economic growth.
(d) Implement any plan of development necessary to achieve the purposes of this act in accordance with the powers of the authority as granted by this act.
(e) Make and enter into contracts necessary or incidental to the exercise of the board's powers and the performance of its duties.
(f) Acquire by purchase or otherwise on terms and conditions and in a manner the authority considers proper, own or lease as lessor or lessee, convey, demolish, relocate, rehabilitate, or otherwise dispose of real or personal property, or rights or interests in that property, which the authority determines is reasonably necessary to achieve the purposes of this act, and to grant or acquire licenses, easements, and options with respect to the property.
(g) Improve land, prepare sites for buildings, including the demolition of existing structures, and construct, reconstruct, rehabilitate, restore and preserve, equip, improve, maintain, repair, or operate a building, and any necessary or desirable appurtenances to a building, as provided in section 12(2) for the use, in whole or in part, of a public or private person or corporation, or a combination thereof.
(h) Fix, charge, and collect fees, rents, and charges for the use of a building or property or a part of a building or property under the board's control, or a facility in the building or on the property, and pledge the fees, rents, and charges for the payment of revenue bonds issued by the authority.
(i) Lease a building or property or part of a building or property under the board's control.
(j) Accept grants and donations of property, labor, or other things of value from a public or private source.
(k) Acquire and construct public facilities.
(l) Incur costs in connection with the performance of the board's authorized functions including, but not limited to, administrative costs, and architects, engineers, legal, and accounting fees.
(m) Plan, propose, and implement an improvement to a public facility on eligible property to comply with the barrier free design requirements of the state construction code promulgated under the state construction code act of 1972, Act No. 230 of the Public Acts of 1972, being sections 125.1501 to 125.1531 of the Michigan Compiled Laws.
History: 1986, Act 281, Eff. Feb. 1, 1987
Am. 1993, Act 333, Eff. Mar. 15, 1994
Admin Rule: R 408.30401 et seq. of the Michigan Administrative Code.
© 2015 Legislative Council, State of Michigan