Michigan § 125.2668 Operating budget.

Michigan Statutes

§ 125.2668 — Operating budget.

Michigan § 125.2668

Ch. 125PLANNING, HOUSING, AND ZONING

Act 381 of 1996BROWNFIELD REDEVELOPMENT FINANCING ACT (125.2651-125.2672)

This text of Michigan § 125.2668 (Operating budget.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 125.2668 (2026).

Text

BROWNFIELD REDEVELOPMENT FINANCING ACT (EXCERPT) Act 381 of 1996 125.2668 Operating budget. Sec. 18.

(1)The authority shall prepare and approve a budget for the operation of the authority for the ensuing fiscal year. The budget shall be prepared in the manner and contain the information required of municipal departments. Funds of a municipality shall not be included in the budget of the authority except those funds authorized in this act or by the governing body of the municipality.

(2)The governing body of a municipality may assess a reasonable pro rata share of the funds for the cost of handling and auditing the funds of the authority, other than those committed for designated purposes, which cost shall be paid annually by the authority under an appropriate item in its budget.

Free access — add to your briefcase to read the full text and ask questions with AI

BROWNFIELD REDEVELOPMENT FINANCING ACT (EXCERPT) Act 381 of 1996 125.2668 Operating budget. Sec. 18. (1) The authority shall prepare and approve a budget for the operation of the authority for the ensuing fiscal year. The budget shall be prepared in the manner and contain the information required of municipal departments. Funds of a municipality shall not be included in the budget of the authority except those funds authorized in this act or by the governing body of the municipality. (2) The governing body of a municipality may assess a reasonable pro rata share of the funds for the cost of handling and auditing the funds of the authority, other than those committed for designated purposes, which cost shall be paid annually by the authority under an appropriate item in its budget.