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Michigan Statutes, Title 141

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Michigan/Statutes

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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

621 sections·Filtered byTitle 141✕

Mich. Comp. Laws § 141.1570 Actions under former law.
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Sec. 30. (1) All of the following actions that occurred under former 2011 PA 4, former 1988 PA 101, or former 1990 PA 72, before the effective date of this act are effective under this act: (a) A determination by the state treasurer or superintendent of public instruction pursuan…
Mich. Comp. Laws § 141.1571 Emergency manager serving prior to effective date of act.
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Sec. 31. An emergency manager or emergency financial manager appointed and serving under state law immediately prior to the effective date of this act shall continue under this act as an emergency manager for the local government.
Mich. Comp. Laws § 141.1572 Liability or cause of action.
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Sec. 32. This act does not impose any liability or responsibility in law or equity upon this state, any department, agency, or other entity of this state, or any officer or employee of this state, or any member of a receivership transition advisory board, for any action taken by …
Mich. Comp. Laws § 141.1573 Severability.
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Sec. 33. If any portion of this act or the application of this act to any person or circumstances is found to be invalid by a court, the invalidity shall not affect the remaining portions or applications of this act which can be given effect without the invalid portion or applica…

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Mich. Comp. Laws § 141.1574 Appropriation.

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Sec. 34. For the fiscal year ending September 30, 2013, $780,000.00 is appropriated from the general fund to the department of treasury to administer the provisions of this act and to pay the salaries of emergency managers. The appropriation made and the expenditures authorized t…

Mich. Comp. Laws § 141.1575 Appropriation.

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Sec. 35. (1) For the fiscal year ending September 30, 2013, $5,000,000.00 is appropriated from the general fund to the department of treasury to administer the provisions of this act, to secure the services of financial consultants, lawyers, work-out experts, and other profession…

Mich. Comp. Laws § 141.1351 Short title.

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Sec. 1. This act shall be known and may be cited as the "regional convention facility authority act".

Mich. Comp. Laws § 141.1353 Legislative findings.

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Sec. 3. The legislature finds and declares all of the following: (a) That there exists in this state a continuing need to strengthen and revitalize the economy of this state and of local units of government in this state and that it is in best interests of this state and local un…

Mich. Comp. Laws § 141.1355 Definitions.

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Sec. 5. As used in this act: (a) "Authority" means a regional convention facility authority created under section 7. (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,…

Mich. Comp. Laws § 141.1357 Qualified 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.

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Sec. 7. (1) For an area of this state that is a qualified metropolitan area on the effective date of this act, an authority is created for the qualified metropolitan area on the effective date of this act. For an area of this state that becomes a qualified metropolitan area after…

Mich. Comp. Laws § 141.1359 Board of directors; membership; qualifications; "local government" defined; terms; vacancy; filing of appointment; oath; compensation; individuals prohibited from appointment.

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Sec. 9. (1) An authority created under this act shall be directed and governed by a board of directors consisting of 5 members. The members of an authority board shall include all of the following: (a) One individual appointed by the governor of this state with the advice and con…

Mich. Comp. Laws § 141.1361 Board; 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.

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Sec. 11. (1) Within not more than 30 days following appointment of the members of a board, the board shall hold its first meeting at a date and time determined by the individual appointed under section 9(1)(a). The board members shall elect from among the board members an individ…

Mich. Comp. Laws § 141.1363 Chief executive officer; appointment; compensation; duties; responsibilities; service; powers; bond; certain conduct prohibited.

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Sec. 13. (1) A board may appoint and fix the compensation of a chief executive officer for the authority. If the board appoints a chief executive officer, the board shall prescribe the duties and responsibilities of the chief executive officer in addition to any duties and respon…

Mich. Comp. Laws § 141.1365 Board 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.

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Sec. 15. (1) A board member or an officer, employee, or agent of an authority shall discharge the duties of his or her position in a nonpartisan manner, in good faith, and with the degree of diligence, care, and skill that an ordinarily prudent person would exercise under similar…

Mich. Comp. Laws § 141.1367 Authority; powers and duties; levy of tax.

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Sec. 17. (1) Except as otherwise provided in this act, an authority may do all things necessary or convenient to implement the purposes, objectives, and provisions of this act and the purposes, objectives, and jurisdictions vested in the authority or the board by this act or othe…

Mich. Comp. Laws § 141.1369 Transfer 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.

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Sec. 19. (1) Within 45 days of January 20, 2009 or the date on which a metropolitan area becomes a qualified metropolitan area and prior to a transfer date, the legislative body of the qualified city in which a qualified convention facility is located may disapprove the transfer …

Mich. Comp. Laws § 141.1371 Transfer of employees to authority; reassignment of employees within local government; representation; rights and benefits; effect of transfer on pension benefits or credits.

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Sec. 21. (1) The authority, as of the transfer date, immediately shall assume and be bound by any existing collective bargaining agreements applicable to employees of the local government whose employment is transferred to the authority either as a result of the authority's expre…

Mich. Comp. Laws § 141.1373 Revenue sources; establishment of regional convention facility operating trust fund; expenditures; financial obligation.

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Sec. 23. (1) Except as provided in subsection (3), an authority may raise revenues to fund all of its activities, operations, and investments consistent with its purposes. The sources of revenue available to the authority may include, but are not limited to, any of the following:…

Mich. Comp. Laws § 141.1375 Bonds 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.

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Sec. 25. (1) For the purpose of acquiring, purchasing, constructing, improving, enlarging, furnishing, equipping, reequipping, developing, refinancing, or repairing a convention facility transferred under section 19 or subsequently acquired by an authority, the authority may issu…

Mich. Comp. Laws § 141.1377 Evidences of indebtedness or liability as contract; assumption and performance of obligations.

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Sec. 27. (1) Notwithstanding any other provisions of this act or any other law, the provisions of all ordinances, resolutions, and other proceedings of the local government in respect to any outstanding bonds, notes, or any and all evidences of indebtedness or liability assumed b…

Mich. Comp. Laws § 141.1379 Applicability of restrictions standards or prerequisites of local government; additional powers; construction of act.

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Sec. 29. (1) Unless permitted by this act or approved by an authority, any restrictions standards or prerequisites of a local government otherwise applicable to an authority and enacted after the effective date of this act shall not apply to an authority. This subsection is inten…