MCL - Index of Act 120 of 1961

NOTE: Dates reflect any modification to item, not necessarily a change in law.
Title Subject
Act 120 of 1961 PRINCIPAL SHOPPING DISTRICTS AND BUSINESS IMPROVEMENT DISTRICTS (125.981 - 125.990n)
120-1961-1 CHAPTER 1 PRINCIPAL SHOPPING DISTRICT (125.981...125.987)
Section 125.981 Definitions; principal shopping district; business improvement district; creation, appointment, and composition of board.
Section 125.982 Principal shopping district project or business improvement project; methods or criteria for financing costs.
Section 125.983 District project as public improvement.
Section 125.984 Development or redevelopment of district; single improvement.
Section 125.985 Special assessments; levy; installment payments; maximum annual amounts; adjustment; special assessment bonds; full faith and credit; maturity; statutory or charter provisions; review; marketing and development plan; homestead deferment.
Section 125.986 Special assessments; off-street parking lots or structures.
Section 125.987 Additional powers.
120-1961-2 CHAPTER 2 BUSINESS IMPROVEMENT ZONE (125.990...125.990n)
Section 125.990 Definitions.
Section 125.990a Business improvement zone as public body corporate; powers; authority.
Section 125.990b Business improvement zone; establishment within city or village; basis for allocation of assessments.
Section 125.990c Initiation by delivery of petition.
Section 125.990d Repealed. 2013, Act 126, Imd. Eff. Oct. 9, 2013.
Section 125.990e Public hearing of governing body; notice; approval or rejection; amendment; resubmission; zone plan; assessment; election; publication of notice; assisting in conduct of election.
Section 125.990f Voting; eligibility; conduct; question; adoption of business improvement zone and zone plan; expenses; duration; compliance with state and federal laws; immunity of city or village; proportional voting; allocation requirements.
Section 125.990g Management of day-to-day activities; members; duties and responsibilities; reimbursement.
Section 125.990h Assessments.
Section 125.990i Audit.
Section 125.990j Zone plan amendment.
Section 125.990k Expiration of qualifying period; special meeting to approve new zone plan; notice.
Section 125.990<Emph EmphType="italic">l</Emph> Dissolution.
Section 125.990m Public meeting; compliance with open meetings act; public records; meeting location.
Section 125.990n Merger agreement.