Michigan Laws 125.1577 – Period of designation; return of building to previous state; notification; publicizing closing date
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(1) Except as provided in subsection (2), a designation of a building as a business incubation center shall remain in effect for 15 years unless otherwise agreed to at any time during the period of designation by the department and a community board.
(2) A local governmental unit or educational institution that has a building designated as a business incubation center and that desires to have the building returned to its previous state before the expiration of 15 years shall notify the board 5 years before the time the building will be needed. Upon receipt of notification, the board shall forward a copy of the notification to the department and shall publicize the closing date of the center to the lessees of the center and to the community.
Terms Used In Michigan Laws 125.1577
- board: means a board created pursuant to section 4. See Michigan Laws 125.1572
- center: means a building described in section 3. See Michigan Laws 125.1572
- Department: means the department of commerce. See Michigan Laws 125.1572
- Educational institution: means a local school district, an intermediate school district, or a college, university, community college, or junior college within this state. See Michigan Laws 125.1572
- Local governmental unit: means a county, township, city, or village within this state. See Michigan Laws 125.1572
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o