About: 425 Agreement

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The legislature of the State of Michigan enacted Public Act 425 of 1984 which is also known by the title Intergovernmental Conditional Transfer Of Property By Contract Act. It became effective March 29, 1985, and was subsequently amended in 1998. It is often simply referred to as “Act 425” and contractual agreements entered into pursuant to this statute are frequently called 425 Agreements.

Attributes	Values
rdfs:label	425 Agreement (en)
rdfs:comment	The legislature of the State of Michigan enacted Public Act 425 of 1984 which is also known by the title Intergovernmental Conditional Transfer Of Property By Contract Act. It became effective March 29, 1985, and was subsequently amended in 1998. It is often simply referred to as “Act 425” and contractual agreements entered into pursuant to this statute are frequently called 425 Agreements. (en)
dcterms:subject	1984 in law 1984 in the United States Michigan law
Wikipage page ID	5212495 (xsd:integer)
Wikipage revision ID	1072032639 (xsd:integer)
Link from a Wikipage to another Wikipage	Municipal services United States Census Bureau Income tax 1984 in law 1984 in the United States Annexation County Clerk Jurisdiction Local government Michigan law Charter township White flight Civil township Michigan Statute Secretary of State (U.S. state government) Municipal government Local government of the United States
Link from a Wikipage to an external page	https://web.archive.org/web/20051217180802/http:/www.landpolicy.msu.edu/resources/cra.html https://web.archive.org/web/20060807070624/http:/michigantownships.org/downloads/pa_425_2005final.pdf http://www.legislature.mi.gov/(g3kozbbqs5diiorgj0hvsm55)/documents/mcl/pdf/mcl-Act-425-of-1984.pdf
sameAs	425 Agreement 425 Agreement 425 Agreement
has abstract	The legislature of the State of Michigan enacted Public Act 425 of 1984 which is also known by the title Intergovernmental Conditional Transfer Of Property By Contract Act. It became effective March 29, 1985, and was subsequently amended in 1998. It is often simply referred to as “Act 425” and contractual agreements entered into pursuant to this statute are frequently called 425 Agreements. The purpose of Act 425 is to provide for a means for two local units of government to share tax revenues resulting from new or expanding development in the areas of their jurisdiction. Most typically a city and a nearby township are the parties to such an agreement. Because of the limited ability for a city in Michigan to annex adjacent territory, development that takes place outside of the city limits would normally deprive that city of any added revenue benefit. In those cases where the affected township receives its supply of water from the city, the city is given a degree of leverage to negotiate with the township by Act 425. In the eyes of the Census Bureau, 425 Agreement lands effectively count as annexations, and are included in any calculations of land area and population. The land and population counts toward the party that initiated the agreement. (en)
prov:wasDerivedFrom	wikipedia-en:425_Agreement?oldid=1072032639&ns=0
page length (characters) of wiki page	7000 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:425_Agreement
is Link from a Wikipage to another Wikipage of	Capital Region International Airport Royal Oak Charter Township, Michigan DeWitt Charter Township, Michigan Delta Charter Township, Michigan Port Lansing Alaiedon Township, Michigan East Lansing, Michigan Charter township Lansing, Michigan
is foaf:primaryTopic of	wikipedia-en:425_Agreement

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