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2018 Michigan Compiled Laws
Chapter 484 - Telephone, Telegraph, and Radio
Act 49 of 2002 MICHIGAN BROADBAND DEVELOPMENT AUTHORITY ACT (484.3201 - 484.3225)
AN ACT to create the Michigan broadband development authority; to create funds and accounts; to authorize the issuing of bonds and notes; to prescribe the powers and duties of the authority; and to provide incentives for the development of broadband services.
History: 2002, Act 49, Imd. Eff. Mar. 14, 2002
- Section 484.3201 Short title.
- Section 484.3202 Legislative findings.
- Section 484.3203 Definitions.
- Section 484.3204 Michigan broadband development authority; creation; duties.
- Section 484.3205 Administrative functions; performance under direction and supervision of state treasurer.
- Section 484.3206 Board of directors; membership; service of representative in member's absence; compensation; chairperson; officers; quorum; voting; open meetings act; confidentiality; “trade secrets, commercial, financial, or proprietary information” defined; employees; discharge of duties.
- Section 484.3207 Powers of authority.
- Section 484.3208 Reserve capital account; creation; administration; credit of proceeds from sale of notes or bonds; capital reserve fund; creation; use; security arrangements; transfer of income or interest earned.
- Section 484.3209 Capital reserve fund; amount; deficiency; restoration; liability of state for notes or bonds.
- Section 484.3210 Notes and bonds; issuance, renewal, and refund by authority.
- Section 484.3211 Notes and bonds; issuance by resolution; form and terms; sale; prices.
- Section 484.3212 Notes or bonds; contents of resolutions.
- Section 484.3213 Money or property pledged and received by authority.
- Section 484.3214 Notes or bonds; personal liability.
- Section 484.3215 Notes or bonds; power of authority to purchase.
- Section 484.3216 Rights of authority to fulfill terms of agreement not limited, altered, or impaired.
- Section 484.3217 Notes or bonds as limited obligations.
- Section 484.3218 Default.
- Section 484.3219 Disposition of money held by authority.
- Section 484.3220 Notes and bonds as securities; investment.
- Section 484.3221 Full faith and credit bonds; issuance; vote.
- Section 484.3222 Notes and bonds; exemption from tax.
- Section 484.3223 Property; exemption from tax.
- Section 484.3224 Annual report.
- Section 484.3225 New partnerships or joint ventures; limitation.
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