There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - Act 196 of 1986
| AN ACT to authorize the formation of public transportation authorities with certain general powers and duties; to provide for the withdrawal of certain local entities from public transportation authorities; to authorize certain local entities to levy property taxes for public transportation service and public transportation purposes; to protect the rights of employees of existing public transportation systems; to provide for the issuance of bonds and notes; to provide for the pledge of taxes, revenues, assessments, tax levies, and other funds for bond or note payment; to provide for the powers and duties of certain state agencies; to validate taxes authorized before July 10, 1986, elections held before July 10, 1986, and bonds and notes issued before July 10, 1986; to provide for transfer of certain tax revenue and certain powers, rights, duties, and obligations; to authorize condemnation proceedings; to grant certain powers to certain local entities; to validate and ratify the organization, existence, and membership of public transportation authorities created before July 10, 1986 and the actions taken by those public transportation authorities and by the members of those public transportation authorities; and to prescribe penalties and provide remedies.
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| Document | Description |
| Section 124.451 | Short title. |
| Section 124.452 | Definitions. |
| Section 124.453 | Public authority; formation generally; membership; articles of incorporation; approval. |
| Section 124.454 | Public authority; formation by political subdivision; articles of incorporation. |
| Section 124.455 | Articles of incorporation; endorsement as evidence of adoption; publication; filing; operative public authority; effective date of articles; validity of incorporation conclusively presumed; exception. |
| Section 124.456 | Articles of incorporation; contents. |
| Section 124.457 | Membership after formation of public authority; resolution; approval, execution, filing, and publication of amendment to articles. |
| Section 124.458 | Conditions to release from membership in public authority; taxes; transportation services; evidence of release; withdrawal from public authority; violation of MCL 168.1 to 168.992 applicable to petitions; penalties; notice. |
| Section 124.459 | Tax limitations. |
| Section 124.460 | Validation and ratification of acts taken before effective date of act. |
| Section 124.461 | Assumption, transfer, assignment, or conveyance of tax revenues, property, rights, duties, and obligations. |
| Section 124.462 | Powers of public authority generally; public authority as public benefit agency and instrumentality of state. |
| Section 124.463 | Additional powers of public authority. |
| Section 124.464 | Additional powers of public authority. |
| Section 124.465 | Collective bargaining agreements; employees entering military service. |
| Section 124.466 | Exemption of public authority from certain acts in exercise of powers. |
| Section 124.467 | Public transportation service; financing. |
| Section 124.468 | Tax levy; collection. |
| Section 124.469 | Additional tax levy. |
| Section 124.470 | Contract with public authority to make payments, appropriations, or contributions; pledge of full faith and credit; tax levy; execution of contract. |
| Section 124.471 | Duties of public authority. |
| Section 124.472 | Notes and bonds generally. |
| Section 124.473 | Notes and bonds; additional provisions; tax exemption; advancing money or delivering property to carry out powers and duties; repayment or payment. |
| Section 124.474 | Loans. |
| Section 124.475 | Revenues pledged for payment of debt service on bonds or notes subject to statutory lien; substitution of other security. |
| Section 124.476 | Investments; use of investment income. |
| Section 124.477 | Notes and bonds as securities. |
| Section 124.478 | Validation and ratification of prior acts. |
| Section 124.479 | Duration of financial obligation. |
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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