A bill to provide for a pilot project for the sale and purchase of certain rights to develop land; to provide for the financing of the purchase of those rights by certain local units of government; and to provide for the powers and duties of local governmental officers and entities.
The legislation introduces a pilot project for a development rights market in Michigan, allowing selected townships to manage land development intensity through the voluntary sale and purchase of development rights, with specific procedures and public benefits outlined.
Introduced
by
Referred to the Committee on Local Government and Municipal Finance
