State Codes and Statutes
Statutes > Michigan > Chapter-125 > Act-530-of-2004 > Section-125-2852HISTORICAL NEIGHBORHOOD TAX INCREMENT FINANCE AUTHORITY ACT (EXCERPT)
Act 530 of 2004
125.2852 Acquisition of private property; transfer.
Sec. 12.
A municipality may acquire private property under 1911 PA 149, MCL 213.21 to 213.25, or the uniform condemnation procedures act, 1980 PA 87, MCL 213.51 to 213.75, for the purposes of transfer to the authority, and may transfer the property to the authority for use in an approved development, on terms and conditions it considers appropriate, and the taking, transfer, and use shall be considered necessary for public purposes and for the benefit of the public.
History: 2004, Act 530, Imd. Eff. Jan. 3, 2005
