{"data":{"id":"us-mi/mich.-comp.-laws-3.227","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 3.227","heading":"Basis for determination of amount of payment.","body":"Sec. 7.\n\nThe amount of any payment of sums in lieu of taxes may be based on the estimated cost to each political subdivision, for and on whose behalf an agreement is entered into, of performing services for the benefit of a project during the period of an agreement, after taking into consideration the benefits to be derived by each political subdivision from such project, but shall not be in excess of the taxes which would result to each political subdivision for said period if the real property of the project within each political subdivision were taxable.","path":["MI Code","Chapter 3","Act Act-318-of-1941"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-3-227","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"f3c34cc5d6d36536356608941c4f7a727b75e0d715528272964e81d5291dbefe","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-3.226","next":"us-mi/mich.-comp.-laws-3.228"},"notice":"GroundRules: Original legal text. Not legal advice."}