Michigan § 125.4412d - Conveyance or lease of public facilities at less than fair market value or below market rates.
Full text of Michigan Michigan Compiled Laws § 125.4412d — Conveyance or lease of public facilities at less than fair market value or below market rates., with citation guidance and answers to common questions.
§ 125.4412d. Conveyance or lease of public facilities at less than fair market value or below market rates.
(1) If an authority determines that a sale price or rental value at below market rate will assist in increasing employment or private investment in a development area, the authority may determine a sale price or rental value for public facilities owned or developed by the authority at below market rate.
(2) If public facilities are conveyed or leased at less than fair market value or at below market rates, the terms of the conveyance or lease shall include legal and equitable remedies and rights to assure that the public facilities are used as eligible property. Legal and equitable remedies and rights may include penalties and actual or liquidated damages. If public facilities for public benefit are provided to private owners or users of eligible property, the terms of the conveyance or lease shall include a benefit to the private owner or user.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 125.4412d
What does Michigan Compiled Laws § 125.4412d cover?
Section 125.4412d ("Conveyance or lease of public facilities at less than fair market value or below market rates.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 125.4412d?
A common citation format is "Michigan Compiled Laws § 125.4412d" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 125.4412d apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.