SB108 — Economic development: downtown development authorities; certain requirements for initial assessed value; modify. Amends sec. 201 of 2018 PA 57 (MCL 125.4201).

SB108 — Economic development: downtown development authorities; certain requirements for initial assessed value; modify. Amends sec. 201 of 2018 PA 57 (MCL 125.4201). · Informed CitizenryThis bill amends the Recodified Tax Increment Financing Act to update definitions and requirements related to downtown development authorities. Key changes include refining the definitions of 'init…Open in Informed Citizenry