§ 46-124. Tax increments to be collected and paid.

Latest version.

The real and personal property tax revenues attributable to captured assessed value within the development area shall be paid to the authority pursuant to this division and tax increment finance plan and the provisions of Act No. 197 of the Public Acts of Michigan of 1975 (MCLA 125.1651 et seq., MSA 5.3010(1) et seq.), as amended.

(Code 1970, § 11½-68)

                    
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