Michigan · Statutes
Act Act-227-of-1985
30 sections
30 sections
- Mich. Comp. Laws § 141.1051Legislative findings and declarations.
- Mich. Comp. Laws § 141.1052Short title.
- Mich. Comp. Laws § 141.1053Definitions.
- Mich. Comp. Laws § 141.1054Michigan municipal bond authority; created; powers; funds.
- Mich. Comp. Laws § 141.1055Board of trustees; appointment, qualifications, and terms of members; duties; oath; vacancy; organization; rules of procedure; conducting business at public meetings; notice; quorum; action of board; designation of representative.
- Mich. Comp. Laws § 141.1056Chairperson; employment, qualifications, duties, and compensation of personnel; delegation of powers and duties; exercise of powers, duties, and functions; budgeting, procurement, and related functions; costs; report; annual audit.
- Mich. Comp. Laws § 141.1057Powers of board generally.
- Mich. Comp. Laws § 141.1058Purchase of municipal obligations by authority; bonds or notes of authority; expenses; preferential treatment in rate of interest; forgiving or relinquishing interest or principal of obligation; purchase of qualified bonds of school district; additional purchase.
- Mich. Comp. Laws § 141.1059Bonds or notes of authority; purposes; payment; security; authorization; requirements; validity of signature; sale; revised municipal finance act inapplicable; issuance of bonds subject to agency financing reporting act; interest rate exchange agreement.
- Mich. Comp. Laws § 141.1060Retirement, funding, or refunding of notes.
- Mich. Comp. Laws § 141.1061Bonds or notes to refund bonds or notes.
- Mich. Comp. Laws § 141.1062transactions; authorization and approval.
- Mich. Comp. Laws § 141.1063Authority of member, executive director, or other personnel as to notes, bonds, and investments.
- Mich. Comp. Laws § 141.1064Powers constituting covenants by authority and contracts with holders of bond or note.
- Mich. Comp. Laws § 141.1065Pledge of revenues or other money; lien of pledge; payment assigned or pledged to authority to be held in trust for payment of principal and interest; payment subject to lien; nature of lien; filing or recordation not required.
- Mich. Comp. Laws § 141.1066Reserve funds.
- Mich. Comp. Laws § 141.1066aState water pollution control revolving fund; establishment; compliance; funding; assistance to governmental unit; loan agreement; determination of eligible projects; maximum amount of municipal obligation; maximum interest rate.
- Mich. Comp. Laws § 141.1066bState drinking water revolving fund.
- Mich. Comp. Laws § 141.1066cSchool loan revolving fund.
- Mich. Comp. Laws § 141.1066dGrant agreements entered under MCL 324.5204a.
- Mich. Comp. Laws § 141.1067Default or noncompliance by authority.
- Mich. Comp. Laws § 141.1068Liability on bonds or notes.
- Mich. Comp. Laws § 141.1069Purchasing, holding, canceling, or reselling bonds or notes of authority.
- Mich. Comp. Laws § 141.1070State pledge to and agreement with holders of bonds or notes.
- Mich. Comp. Laws § 141.1071Investment of sinking fund, money, or other fund by banking business, insurance business, or fiduciary in bonds or notes; bonds or notes as security for public deposits.
- Mich. Comp. Laws § 141.1072Property and income of authority; public property; public purpose; exemptions from taxes and special assessments.
- Mich. Comp. Laws § 141.1073Municipal obligations generally.
- Mich. Comp. Laws § 141.1074Agreement by governmental unit upon sale or issuance of municipal obligations; additional powers of authority.
- Mich. Comp. Laws § 141.1075Construction of act.
- Mich. Comp. Laws § 141.1076Severability.