Act 120 of 1961 - PRINCIPAL SHOPPING DISTRICTS AND BUSINESS IMPROVEMENT DISTRICTS (125.981 - 125.990m)
- 120-1961-1 - CHAPTER 1 PRINCIPAL SHOPPING DISTRICT (125.981...125.987)
- Section 125.981 - Definitions; principal shopping district; business 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; revie
- 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...125.990m)
- 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; assessable property; establishment of business improvement zone in city or village with business improvement zone lo
- Section 125.990c - Initiation by delivery of petition; contents; filing; notice.
- Section 125.990d - Public meeting of property owners; adoption of zone plan; contents; adoption by majority vote; presentment to city or village clerk.
- Section 125.990e - Public hearing of governing body; notice; approval or rejection; amendment; resubmission; assessment; election; publication of notice; assisting in conduct of election.
- Section 125.990f - Voting; eligibility; conduct; question; weight; adoption of business improvement zone and zone plan; expenses; duration; compliance with state and federal laws; immunity of city or
- Section 125.990g - Board of directors; 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 7-year period; special meeting to approve new zone plan; notice.
- Section 125.990m - Public meeting; compliance with open meetings act; public records; meeting location.