Economic development: obsolete property and rehabilitation; definition of eligible act 7 entity; revise to reflect change in obsolete property rehabilitation act. Amends sec. 3 of 2010 PA 275 (MCL 125.2953).
Impact
The proposed changes under HB6202 would have significant implications for state laws regarding economic development initiatives. By explicitly defining eligible entities and referencing the Michigan Strategic Fund, the bill enhances the capacity for local governments to initiate programs aimed at business attraction and community development. This could lead to more strategic investments in areas that are historically underserved due to economic disadvantages, thereby fostering growth in local employment and services.
Summary
House Bill 6202 aims to amend the Next Michigan Development Act by revising the definition of 'eligible act 7 entity' to align with changes in the Obsolete Property Rehabilitation Act. The bill seeks to enhance the ability of local governmental entities, particularly those in economically distressed areas, to come together and exercise their economic development powers more effectively. It encourages collaboration between counties and qualified local governments to attract business in a structured manner.
Contention
Despite the potential benefits, there are points of contention surrounding HB6202. Critics worry that amending the qualifications for eligible entities could lead to marginalization of certain communities that do not meet the new criteria, ultimately excluding them from access to necessary resources. Proponents argue that the bill focuses on optimizing resources for economic development where they are most needed, emphasizing a coordinated approach as essential for tackling the issues facing distressed areas.
Economic development: obsolete property and rehabilitation; definition of core community; revise to reflect change in obsolete property rehabilitation act. Amends sec. 455 of 2007 PA 36 (MCL 208.1455). TIE BAR WITH: HB 5886'24
Economic development: obsolete property and rehabilitation; definition of qualified retail food establishment; revise to reflect change in obsolete property rehabilitation act. Amends sec. 2 of 2005 PA 210 (MCL 207.842).
Economic development: obsolete property and rehabilitation; definition of urban core cities; revise to reflect change in obsolete property rehabilitation act. Amends sec. 134 of 1917 PA 167 (MCL 125.534). TIE BAR WITH: HB 5886'24
Economic development: obsolete property and rehabilitation; effectively treatable area qualifications; revise to reflect change in obsolete property rehabilitation act. Amends sec. 44f of 1966 PA 346 (MCL 125.1444f).
Economic development: other; qualified local governmental unit; modify to include county seats. Amends secs. 2 & 16 of 2000 PA 146 (MCL 125.2782 & 125.2796).
Economic development: brownfield redevelopment authority; definitions of housing property and tax capture revenues and cap on total tax capture revenues; clarify definitions and modify cap. Amends secs. 2, 14a & 16 of 1996 of 381 (MCL 125.2652 et seq.).