DDA - Downtown Development Authority
PA 57 of 2018 Brief Background of the South Lyon DDAAll DDAs in the State of Michigan are governed by Public Act 57 of 2018, which is otherwise known as the recodified tax increment financing act. This was enacted to consolidate & streamline Michigan's tax increment financing (TIF) laws, including those governing Downtown Development Authorities (DDAs). Effective January 1, 2019, this legislation aims to promote economic development & address urban deterioration by providing a unified framework for various development authorities. Powers of a DDA Board of DirectorsUnder PA 57, the DDA board of
Source: www.southlyonmi.org
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