SB700 — Economic development: downtown development authorities; definition of downtown district; modify. Amends sec. 201 of 2018 PA 57 (MCL 125.4201).

SB700 — Economic development: downtown development authorities; definition of downtown district; modify. Amends sec. 201 of 2018 PA 57 (MCL 125.4201). · Informed CitizenryThis bill amends the Recodified Tax Increment Financing Act by modifying definitions within the law. Key updates include refining the definition of a 'downtown district' to clarify how multiple geo…Open in Informed Citizenry