{"data":{"id":"us-mi/mich.-comp.-laws-125.2669","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 125.2669","heading":"Dissolution of authority; distribution of tax revenues and interest.","body":"Sec. 19.\n\nAn authority that completes the purposes for which it was organized shall be dissolved by resolution of the governing body. Except as provided in subsection (2), the property and assets of the authority remaining after the satisfaction of the obligations of the authority shall belong to the municipality or to an agency or instrumentality designated by resolution of the municipality.\n\nTax increment revenues and the interest earned on tax increment revenues shall be distributed as provided under section 16(2).","path":["MI Code","Chapter 125","Act Act-381-of-1996"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-125-2669","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"f43f5d96c092642d435f534787392e757233c073e18071154c3b6ae10960000a","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-125.2668","next":"us-mi/mich.-comp.-laws-125.2670"},"notice":"GroundRules: Original legal text. Not legal advice."}