Michigan Compiled Laws Act 425 Of 1984 Intergovernmental Conditional Transfer Of Property By Contract (124.21 - 124.30)

AN ACT to permit the conditional transfer of property by contract between certain local units of government; to provide for permissive and mandatory provisions in the contract; to provide for certain conditions upon termination, expiration, or nonrenewal of the contract; and to prescribe penalties and provide remedies.

History: 1984, Act 425, Eff. Mar. 29, 1985 ;-- Am. 1998, Act 192, Eff. Mar. 23, 1999

Section 124.21 Definitions.
As used in this act: (a) “Economic development project” means land and existing or planned improvements suitable for use by an industrial or commercial...
Section 124.22 Conditional Transfer Of Property; Period; Written Contract; Renewal.
(1) Two or more local units may conditionally transfer property for a period of not more than 50 years for the purpose of an...
Section 124.23 Formulation Of Contract; Factors.
When formulating a contract under this act, the local units shall consider the following factors: (a) Composition of the population; population density; land area...
Section 124.24 Public Hearing; Notice; Majority Vote Required.
(1) The legislative body of each local unit affected by a proposed transfer of property under this act shall hold at least 1 public...
Section 124.25 Compliance As Condition To Entering Into Contract; Resolution; Referendum; Approval By Majority Of Electors; Petition; Effect Of Not Filing Petition Or Adopting Resolution.
(1) A contract shall not be entered into under this act except in compliance with this section. (2) If the governing body of a...
Section 124.25a Violation Of Mcl 168.1 To 168.992 Applicable To Petitions; Penalties.
Except as otherwise provided in this section, a petition under section 5, including the circulation and signing of the petition, is subject to section...
Section 124.26 Contract; Provisions.
If applicable to the transfer, a contract under this act may provide for any of the following: (a) Any method by which the contract...
Section 124.27 Contract; Additional Provisions.
A contract under this act shall provide for the following: (a) The length of the contract. (b) Specific authorization for the sharing of taxes...
Section 124.28 Conditionally Transferred Property; Jurisdiction.
Unless the contract specifically provides otherwise, property which is conditionally transferred by a contract under this act is, for the term of the contract...
Section 124.29 Other Method Of Annexation Or Transfer Prohibited.
While a contract under this act is in effect, another method of annexation or transfer shall not take place for any portion of an...
Section 124.30 Effect Of Filing Contract; Entering Contract In Book; Contract As Prima Facie Evidence Of Conditional Transfer.
The conditional transfer of property pursuant to a contract under this act takes place when the contract is filed in the manner required by...

Last modified: October 10, 2016