Michigan SB0723 amends the Brownfield Redevelopment Authority Act to modify the transformational brownfield plan process.

Michigan SB0723 amends the Brownfield Redevelopment Authority Act to modify the transformational brownfield plan process. It defines terms such as "qualified taxpayer," "response activity," and "targeted redevelopment area." The bill sets minimum investment requirements for different municipality sizes and outlines eligible activities for brownfield redevelopment. It also details the approval process for transformational brownfield plans, including financial and underwriting analyses.

Michigan SB0723 amends the Brownfield Redevelopment Authority Act to modify the transformational brownfield plan process.

Michigan SB0723 amends the Brownfield Redevelopment Authority Act to modify the transformational brownfield plan process. It defines terms such as "qualified taxpayer," "response activity," and "targeted redevelopment area." The bill sets minimum investment requirements for different municipality sizes and outlines eligible activities for brownfield redevelopment. It also details the approval process for transformational brownfield plans, including financial and underwriting analyses.