Economic development: tax increment financing; tax increment financing act; amend to exempt museum authorities. Amends secs. 201, 301, 402, 523, 603, 703 & 803 of 2018 PA 57 (MCL 125.4201 et seq.).

HB 5817 amends Michigan's Tax Increment Financing Act to explicitly exempt museum authorities from certain provisions related to downtown development financing. The bill clarifies definitions within the law, specifically ensuring that entities designated as museum authorities are not subject to rules governing downtown districts and catalyst development projects. By modifying sections of the existing statute, the legislation allows these specific cultural institutions to operate under different financial guidelines than those applied to typical urban redevelopment areas. This change directly affects museum authorities and the municipalities that partner with them on development initiatives.