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Michigan Statutes, Title 141

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Title 141, MUNICIPAL FINANCING

66 chapters · 621 sections in this title.

All chapters in Title 141621 Ch 284-of-1964, CITY INCOME TAX ACT100 Ch 34-of-2001, REVISED MUNICIPAL FINANCE ACT58 Ch 94-of-1933, THE REVENUE BOND ACT OF 193351 Ch 436-of-2012, LOCAL FINANCIAL STABILITY AND CHOICE ACT36 Ch 227-of-1985, SHARED CREDIT RATING ACT30 Ch 2-of-1968, UNIFORM BUDGETING AND ACCOUNTING ACT29 Ch 100-of-1990, CITY UTILITY USERS TAX ACT27 Ch 140-of-1971, GLENN STEIL STATE REVENUE SHARING AC…22 Ch 554-of-2008, REGIONAL CONVENTION FACILITY AUTHORI…15 Ch 203-of-1999, THE CONVENTION FACILITY AUTHORITY ACT14 Ch 244-of-1989, REGIONAL TOURISM MARKETING ACT13 Ch 395-of-1980, COMMUNITY CONVENTION OR TOURISM MARK…13 Ch 181-of-2014, MICHIGAN FINANCIAL REVIEW COMMISSION ACT12 Ch 383-of-1980, CONVENTION AND TOURISM MARKETING ACT12

14 sections·Filtered byTitle 141✕Ch 203-of-1999✕

Mich. Comp. Laws § 141.1401 Short title.
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Sec. 1. This act shall be known and may be cited as "the convention facility authority act".
Mich. Comp. Laws § 141.1402 Legislative findings.
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Sec. 2. The legislature of this state finds that there exists in this state a continuing need for programs to promote tourism and convention business in order to assist in the prevention of unemployment and the alleviation of the conditions of unemployment, to preserve existing j…
Mich. Comp. Laws § 141.1403 Definitions.
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Sec. 3. As used in this act: (a) "Authority" means a convention facility authority created under section 4. (b) "Board" means the board of directors of an authority. (c) "Convention facility" means all or any part of, or any combination of, a convention hall, auditorium, arena, s…
Mich. Comp. Laws § 141.1404 Establishment of authority by county and city; resolution; organization.
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Sec. 4. (1) A qualified county and a qualified city may by resolutions of their respective legislative governing bodies jointly establish an authority under this act. On the date on which all the certified copies of the resolutions establishing the authority are filed with the se…

Mich. Comp. Laws § 141.1405 Board of directors; powers, duties, and functions; membership; terms; oath of office; vacancy; eligibility of legislative member or city official.

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Sec. 5. (1) The powers, duties, and functions of an authority are vested in and shall be exercised by a board of directors. The board shall consist of 7 members as follows: (a) Two members who are residents of the qualified county appointed by the county board of commissioners of…

Mich. Comp. Laws § 141.1406 Board of directors; discharge of duties; actions; meetings; compensation.

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Sec. 6. (1) Members of a board and officers and employees of the authority are subject to 1968 PA 317, MCL 15.321 to 15.330. A member of the board or an officer, employee, or agent of the authority shall discharge the duties of his or her position in a nonpartisan manner, in good…

Mich. Comp. Laws § 141.1407 Conduct of business at public meetings; disclosure requirements.

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Sec. 7. (1) A board shall conduct all business at public meetings held in compliance with the open meetings act, 1976 PA 267, MCL 15.261 to 15.275. Public notice of the time, date, and place of each meeting shall be given in the manner required by the open meetings act, 1976 PA 2…

Mich. Comp. Laws § 141.1408 Powers of authority; tax levy prohibited.

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Sec. 8. (1) An authority may do all things necessary or convenient to carry out the purposes, objectives, and provisions of this act and the purposes, objectives, and powers delegated to the authority or the board by other laws or executive orders, including, without limitation, …

Mich. Comp. Laws § 141.1409 Employment of staff; audits; budget.

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Sec. 9. (1) An authority may employ staff, including legal and technical experts, and other officers, or employees, permanent or temporary, paid from the funds of the authority. (2) The accounts of an authority are subject to annual audits by the state auditor general or a certif…

Mich. Comp. Laws § 141.1410 Convention facility authority fund; creation; disposition of money.

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Sec. 10. A convention facility authority fund is created for each authority. An authority shall deposit all money received and generated by the convention facility into the fund.

Mich. Comp. Laws § 141.1411 Payment of costs from certain revenues.

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Sec. 11. The payment of principal, interest, and other costs including engineering, financial, and issuance costs, associated with bonds issued by the authority may be made by the authority from any of the following revenues: (a) Federal grants, loans, appropriations, payments, o…

Mich. Comp. Laws § 141.1412 Issuance of negotiable revenue bonds; limitations.

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Sec. 12. (1) An authority may only issue negotiable revenue bonds under the revenue bond act of 1933, 1933 PA 94, MCL 141.101 to 141.140. An authority may not issue any other kinds of bonds, notes, or other obligations. (2) An authority may authorize and issue its negotiable reve…

Mich. Comp. Laws § 141.1413 Property of authority.

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Sec. 13. (1) Property of an authority is public property devoted to an essential public and governmental function and purpose. Income of the authority is for a public purpose. (2) Except as otherwise provided in this subsection, the property of the authority and its income and op…

Mich. Comp. Laws § 141.1414 Use of funds received pursuant to section 301 of 1999 PA 137.

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Sec. 14. Funds received by the authority pursuant to section 301 of 1999 PA 137 shall not be used by the authority to defray costs incurred before the date on which the funds are released by the state treasurer.