Water Resource Improvement Tax Increment Finance Authority Act (Excerpt) Act 94 Of 2008


Published: 2015

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WATER RESOURCE IMPROVEMENT TAX INCREMENT FINANCE AUTHORITY ACT (EXCERPT)
Act 94 of 2008

125.1774 Establishment of multiple authorities; powers.Sec. 4.

(1) Except as otherwise provided in this subsection, a municipality may establish multiple authorities. A parcel of property shall not be included in more than 1 authority created under this act.

(2) An authority is a public body corporate that may sue and be sued in any court of this state. An authority possesses all the powers necessary to carry out its purpose. The enumeration of a power in this act shall not be construed as a limitation upon the general powers of an authority.




History: 2008, Act 94, Imd. Eff. Apr. 8, 2008

© 2015 Legislative Council, State of Michigan