82 chapters · 471 sections in this title.
Mich. Comp. Laws § 123.1261 Short title.
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Sec. 1. This act shall be known and may be cited as the "municipal lighting authority act".
Mich. Comp. Laws § 123.1263 Definitions.
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Sec. 3. As used in this act: (a) "Ancillary facility" means any revolving credit agreement, agreement establishing a line of credit, or a letter of credit; reimbursement agreement; interest rate exchange or similar agreement; currency exchange agreement; commodity exchange agreem…
Mich. Comp. Laws § 123.1265 Legislative intent; authority; manner of carrying out powers; public municipal corporation; lighting system assets; transfer of ownership or operational control.
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Sec. 5. (1) It is the intent of this act to provide an equitable and reasonable method and means of financing, operating, and maintaining a lighting system to supply lighting in sufficient quantities to a local government. (2) The powers of the authority shall be carried out in a…
Mich. Comp. Laws § 123.1267 Alteration of laws and regulations of utility franchise.
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Sec. 7. Nothing in this act shall be considered to alter the laws and regulations regarding utility franchises unless explicitly stated. The creation of an authority shall not be considered to create a new franchise as long as the authority only provides service within its own te…