How is the Local Brownfield Revolving Fund (LBRF) created?

After the developer has been repaid for eligible activities, the Brownfield Redevelopment Authority (BRA) can collect the incremental increase in the property taxes for an additional 5 years. Collection of state property taxes can be 5 years or up to the amount approved by the Michigan Department of Environment, Great Lakes, and Energy (EGLE) for eligible activities. Local tax can be captured for up to 5 years after repayment is complete. State-approved Michigan Economic Development Corporation (MEDC), Michigan Strategic Fund (MSF) activities cannot be captured into the LBRF, only EGLE activities.

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1. What does the Brownfield Redevelopment Authority do?
2. What is an eligible property?
3. What is an eligible activity?
4. What taxes are captured?
5. How is the Local Brownfield Revolving Fund (LBRF) created?
6. How can the LBRF be used?