Brownfield Redevelopment Financing Program - 186-0420-20

Description of Agency

The Brownfield Redevelopment Program Financing Act (Act 381 of 1996) authorizes municipalities to create brownfield redevelopment authorities to facilitate the implementation of brownfield plans, create brownfield redevelopment zones, and promote revitalization of eligible properties through the use of tax increment financing. The Act prescribes the powers and duties of, and the related requirements and criteria for, the brownfield redevelopment authorities; the Department of Environment, Great Lakes, and Energy (EGLE); and the Michigan Strategic Fund (MSF). Effective July 24, 2017, Public Act 46 of 2017 amended the Act to authorize brownfield redevelopment authorities to implement brownfield plans that will have a transformational impact on local economic development and community revitalization. As of December 31, 2018, there were 428 active brownfield projects and 289 brownfield redevelopment authorities Statewide. This performance audit was required by Section 125.2666(6) of the Michigan Compiled Laws.

Audit Objectives

  1. To assess the effectiveness of the Program to increase the taxable values of eligible brownfield properties.

  2. To assess the effectiveness of EGLE and MSF’s efforts to administer the Program.

  3. To assess EGLE and MSF’s compliance with statutory reporting requirements.



Timing

Estimated Release Date: Late 2020


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