2010 Michigan Compiled Laws
Chapter 124 - MUNICIPALITIES
Act 55 of 1963 - MASS TRANSPORTATION SYSTEM AUTHORITIES (124.351 - 124.359)

MASS TRANSPORTATION SYSTEM AUTHORITIES
Act 55 of 1963
AN ACT to provide for the incorporation of public authorities to acquire, own, and operate or cause to be operated mass transportation systems; to require the state to guarantee payment of certain claims against certain transportation authorities and to give the state a lien in satisfaction of payment; to prescribe the rights, powers, and duties of those public authorities; to provide for the issuance of bonds; to provide for the levy and collection of certain taxes; and to authorize contracts between those authorities and either public or private corporations to carry out the operation of those mass transportation systems.

History: 1963, Act 55, Imd. Eff. Apr. 29, 1963 ;-- Am. 1980, Act 397, Imd. Eff. Jan. 8, 1981 ;-- Am. 1980, Act 410, Imd. Eff. Jan. 9, 1981

• Section 124.351 - Definitions.
• Section 124.352 - Incorporation of public authority; purpose; operation of system; articles of incorporation; adoption; indorsement; publication; filing; operative date; presumption of validity; cessation of operation or dissolution of authority; state guaranteed payment of claims for benefits; lien of state.
• Section 124.352a - Release of political subdivision from membership in authority; conditions; levy and payment of tax; evidence of release.
• Section 124.353 - Articles of incorporation; contents.
• Section 124.354 - Authority as body corporate; powers.
• Section 124.354a - Eligibility of public authority to apply for and receive funds under MCL 247.660e.
• Section 124.355 - Authority as body corporate; property; condemnation.
• Section 124.356 - Fares; contracts.
• Section 124.357 - Self-liquidating revenue bonds; issuance; source of payment; property tax; limitation; election; resolution; submitting proposition to electors; conduct; canvass; costs; tax rate; levy and collection.
• Section 124.357a - Authority; tax limitations.
• Section 124.358 - Property owned by authority; exemption from taxes or special assessments for municipal services.
• Section 124.359 - Additional powers.