Michigan Laws 125.4607 – Annexation or consolidation; effect
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Terms Used In Michigan Laws 125.4607
- Authority: means a corridor improvement authority created under section 604(1) or a joint authority created under section 604(2). See Michigan Laws 125.4602
- Development area: means that area described in section 605 to which a development plan is applicable. See Michigan Laws 125.4602
- Municipality: means 1 of the following:
(i) A city. See Michigan Laws 125.4602
If a development area is part of an area annexed to or consolidated with another municipality, the authority managing that development area shall become an authority of the annexing or consolidated municipality. Obligations of that authority incurred under a development or tax increment plan, agreements related to a development or tax increment plan, and bonds issued under this part shall remain in effect following the annexation or consolidation.