There is a newer version of the Michigan Compiled Laws
2016 Michigan Compiled Laws
Chapter 830 - State Building Programs
Act 183 of 1964 STATE BUILDING AUTHORITY (830.411 - 830.425)
AN ACT creating the state building authority with power to acquire, construct, furnish, equip, own, improve, enlarge, operate, mortgage, and maintain facilities for the use of the state or any of its agencies; to act as a developer or co-owner of facilities as a condominium project for the use of the state or any of its agencies; to authorize the execution of leases pertaining to those facilities by the building authority with the state or any of its agencies; to authorize the payment of true rentals by the state; to provide for the issuance of revenue obligations by the building authority to be paid from the true rentals to be paid by the state and other resources and security provided for and pledged by the building authority; to authorize the creation of funds; to authorize the conveyance of lands by the state or any of its agencies for the purposes authorized in this act; to authorize the appointment of a trustee for bondholders; to permit remedies for the benefit of parties in interest; to provide for other powers and duties of the authority; and to provide for other matters in relation to the authority and its obligations.
History: 1964, Act 183, Imd. Eff. May 19, 1964 ;-- Am. 1976, Act 240, Eff. Mar. 31, 1977 ;-- Am. 1980, Act 240, Imd. Eff. July 24, 1980 ;-- Am. 1981, Act 183, Imd. Eff. Dec. 23, 1981 ;-- Am. 1983, Act 156, Imd. Eff. July 24, 1983 ;-- Am. 1988, Act 248, Imd. Eff. July 11, 1988 ;-- Am. 1994, Act 252, Imd. Eff. July 5, 1994
- Section 830.411 Definitions.
- Section 830.411a Legislative findings.
- Section 830.412 State building authority; creation; body corporate; powers; handling of funds; board of trustees; appointment and terms of members; vacancy; oath; organization; conducting business at public meeting; notice; quorum; action of board.
- Section 830.413 Powers of building authority generally.
- Section 830.414 Acquisition of property; condemnation.
- Section 830.415 Conveyance to building authority of property owned by state or institution of higher education.
- Section 830.416 Lease of facilities to state; term; provisions.
- Section 830.417 Lease of facilities from authority; approval; payment of true rental; leasing of furnishings or equipment; lease for capital maintenance improvements.
- Section 830.418 Revenue obligations generally.
- Section 830.418a Reserve fund; creation; purpose; use of income and interest.
- Section 830.419 Obligations; statutory first lien; enforcement.
- Section 830.419a Moneys of building authority; contract with bondholders; security for deposits.
- Section 830.420 Indebtedness of state.
- Section 830.421 Exemption from taxation.
- Section 830.421a Liability on notes or bonds.
- Section 830.422 Investment in bonds.
- Section 830.423 Declaration of public purpose; liberal construction.
- Section 830.424 Act supplemental and additional to existing powers.
- Section 830.425 Advisory opinion as to constitutionality.
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