Mich. Comp. Laws » Michigan Compiled Laws / Chapter 124 / Act 258 of 2003
Michigan Compiled Laws

Mich. Comp. Laws § 124.752 (2026)

Legislative findings.

✓ current as of July 2026 Cite as: Mich. Comp. Laws § 124.752 (2026)
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LAND BANK FAST TRACK ACT


Act 258 of 2003


124.752 Legislative findings.

Sec. 2.

    The legislature finds that there exists in this state a continuing need to strengthen and revitalize the economy of this state and local units of government in this state and that it is in the best interests of this state and local units of government in this state to assemble or dispose of public property, including tax reverted property, in a coordinated manner to foster the development of that property and to promote economic growth in this state and local units of government in this state. It is declared to be a valid public purpose for a land bank fast track authority created under this act to acquire, assemble, dispose of, and quiet title to property under this act. It is further declared to be a valid public purpose for a land bank fast track authority created under this act to provide for the financing of the acquisition, assembly, disposition, and quieting of title to property, and for a land bank fast track authority to exercise other powers granted to a land bank fast track authority under this act. The legislature finds that a land bank fast track authority created under this act and powers conferred by this act constitute a necessary program and serve a necessary public purpose.

History: 2003, Act 258, Imd. Eff. Jan. 5, 2004

Compiler's Notes:

    For transfer of powers and duties relative to land bank fast track act, 2003 PA 258, performed by Michigan strategic fund to Michigan state housing development authority, see E.R.O. No. 2013-3, compiled at MCL 125.1393.

    For transfer of powers and duties of state land bank fast track authority from executive director of Michigan state housing development authority to director of department of talent and economic development, and transfer of revenue bonding powers of state land bank fast track authority to Michigan strategic fund, see E.R.O. No. 2014-6, compiled at MCL 125.1995.

    For abolishment of the existing board of directors and position of director of the state land bank fast track authority, the renaming the state land bank fast track authority to the state land bank authority, the type I transfer of the powers and duties of the state land bank authority, including revenue bonding powers from the Michigan strategic fund, to the department of labor and economic opportunity, and the reestablishment of the board of directors of the state land bank authority, see E.R.O. No. 2019-3, compiled at MCL 125.1998.

Notes of Decisions
Cited in 5 cases (3 in the last 5 years), 2014–2022 · leading case: Rental Properties Owners Ass'n v. Kent County Treasurer
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Rental Properties Owners Ass'n v. Kent County Treasurer (2014) michctapp · cites it 2× “MCL 124.752. The minutes from the July 12, 2012 meeting in which the board voted to purchase the properties from the Kent County Treasurer provide in full in this regard: WHEREAS, 64 properties.”
Detroit Land Bank Authority v. 5005 32nd Street Detroit Mi 48210 (2021) michctapp · cites it 2× “Plaintiff alleged that it was created to foster economic development and revitalization, MCL 124.752, and this action for quiet title was necessary to establish clear and marketable title to the properties and to return them to productive use.”
in Re Petition of Kent County Land Bank Authority (2014) michctapp · cites it 2× “MCL 124.752. The minutes from the meeting in which the board voted to purchase the properties from Kent County Treasurer provide in full: WHEREAS, 64 properties .”
City of Highland Park v. State Land Bank Authority (2022) michctapp “764(1) provides that the LBFTA “shall be construed liberally” to effectuate the legislative intent and purposes of the act, and that the powers granted under the act “shall be broadly interpreted” to effectuate the legislative purpose of the act.”
City of Highland Park v. State Land Bank Authority (2022) michctapp “764(1) provides that the LBFTA “shall be construed liberally” to effectuate the legislative intent and purposes of the act, and that the powers granted under the act “shall be broadly interpreted” to effectuate the legislative purpose of the act.”
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