Michigan · Statutes

Act Act-554-of-2008

15 sections

Mich. Comp. Laws § 141.1351Short title.
Mich. Comp. Laws § 141.1353Legislative findings.
Mich. Comp. Laws § 141.1355Definitions.
Mich. Comp. Laws § 141.1357Qualified metropolitan area; creation of authority; authority as municipal public body corporate and politic; powers, duties, and jurisdictions; name; transfer of qualified convention facility from qualified city to authority; exemption from taxes and special assessments; presumption of validity.
Mich. Comp. Laws § 141.1359Board of directors; membership; qualifications; "local government" defined; terms; vacancy; filing of appointment; oath; compensation; individuals prohibited from appointment.
Mich. Comp. Laws § 141.1361Board; meeting; election of chairperson and officers; actions requiring unanimous consent; business conducted at public meeting; availability of records and documents to public; system of accounts; annual audit; budget; contracts; use of competitive procurement methods; exceptions; purchases; preferences; procedures to monitor performance of contracts; procurement policy; employment of personnel; certain actions prohibited; citizens advisory council.
Mich. Comp. Laws § 141.1363Chief executive officer; appointment; compensation; duties; responsibilities; service; powers; bond; certain conduct prohibited.
Mich. Comp. Laws § 141.1365Board member or officer, appointee, or employee of authority; discharge of duties; nonpartisan; reliance on certain opinions, reports, or statements; adoption of bylaws; personal liability; insurance; conflicts of interest; ethics manual; removal of board member from office; filing financial disclosure statement; rules; interest in or employment by entity after termination of board membership or employment.
Mich. Comp. Laws § 141.1367Authority; powers and duties; levy of tax.
Mich. Comp. Laws § 141.1369Transfer of qualified convention facility to authority; resolution disapproving transfer; leasing of qualified convention facility to authority; lease requirements; actions to occur on transfer date; duties and obligations of authority; certain contracts, agreements, conveyances, rights, obligations, or liabilities as voidable; cancellation or termination of agreement to which local government is party; reversion; agreement to make capital improvements.
Mich. Comp. Laws § 141.1371Transfer of employees to authority; reassignment of employees within local government; representation; rights and benefits; effect of transfer on pension benefits or credits.
Mich. Comp. Laws § 141.1373Revenue sources; establishment of regional convention facility operating trust fund; expenditures; financial obligation.
Mich. Comp. Laws § 141.1375Bonds or municipal securities; issuance; interest rate exchange or swap, hedge, or similar agreements; creation of reserve fund; pledge; filing; issuance and delivery of notes; maturity; use of proceeds; exemptions.
Mich. Comp. Laws § 141.1377Evidences of indebtedness or liability as contract; assumption and performance of obligations.
Mich. Comp. Laws § 141.1379Applicability of restrictions standards or prerequisites of local government; additional powers; construction of act.