Economic development: brownfield redevelopment authority; transformational brownfield plan; modify. Amends secs. 2, 13c, 14a & 16 of 1996 PA 381 (MCL 125.2652 et seq.) & adds secs.16a & 16b.

This bill amends Michigan's 1996 act concerning brownfield redevelopment authorities. It updates definitions related to brownfield plans, eligible activities, and eligible properties, including what qualifies as "blighted" property and how "construction period tax capture revenues" are calculated. The changes aim to further promote the revitalization and reuse of certain properties, such as those that are blighted, functionally obsolete, or tax-reverted, by expanding the scope of eligible activities and properties for redevelopment.

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