Michigan SB0553 amends tax increment financing for water resource improvement authorities.

Michigan SB0553 modifies the tax increment financing provisions for water resource improvement authorities. It allows these authorities to engage in activities such as land disposal, leasing, and public facility improvements. The bill also mandates the preparation of a water resource management plan in consultation with relevant state departments. Authorities can apply for necessary state and federal permits for public facilities or water resource improvements.

Michigan SB0553 amends tax increment financing for water resource improvement authorities.

Michigan SB0553 modifies the tax increment financing provisions for water resource improvement authorities. It allows these authorities to engage in activities such as land disposal, leasing, and public facility improvements. The bill also mandates the preparation of a water resource management plan in consultation with relevant state departments. Authorities can apply for necessary state and federal permits for public facilities or water resource improvements.