PocketLaw | Michigan Compiled Laws | 157 of 1986 - Michigan Export

157 of 1986 - Michigan Export Development Act (447.151 - 447.168)

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Section
447.151

Short Title.

Section
447.152

Definitions.

Section
447.153

Michigan Export Development Authority; Creation; Budgeting, Procurement, and Related Functions; Purpose of Authority.

Section
447.154

Board of Directors; Appointment, Qualifications, and Terms of Members; Vacancy; Oath or Affirmation; Reimbursement for Expenses; Election of Chairperson, Vice-Chairperson, Secretary, and Other Officers; Quorum; Majority Vote Sufficient for Action; Vote Necessary for Bonds.

Section
447.155

Effect of Vacancy in Membership of Board; Authorization and Effective Date of Action by Board; Delegation of Powers and Duties; Liability or Accountability on Contract, Commitment, or Agreement; Liability for Damage or Injury; Indemnification of Board Members and Staff Officers; Appointment of Employees to Unclassified Positions; Terms.

Section
447.156

Conducting Business at Public Meeting; Notice; Availability of Writings to Public; Confidentiality.

Section
447.157

Powers of Authority Generally.

Section
447.158

Guarantee or Export Insurance for Eligible Export Transaction; Requirements; Fees; Determinations; Condition to Provision of Guarantee or Export Insurance.

Section
447.158a

Grant to Non-Profit Organization; Purposes.

Section
447.159

Bonds Generally.

Section
447.160

Bonds and Notes Generally.

Section
447.161

Bonds or Security Agreement; Resolution; Trustee or Depository.

Section
447.162

Bonds; Refunding.

Section
447.163

Proceeds From Sale of Bonds; Application; Export Development Bond Fund as Separate Fund; Investments and Earnings.

Section
447.164

Tax Exemptions Generally.

Section
447.165

Additional Tax Exemptions.

Section
447.166

Insurance Fund; Insurance Pledged as Security.

Section
447.167

Bonds, Debentures, Notes, or Other Evidence of Indebtedness as Securities; Investment; Deposit.

Section
447.168

Annual Report; Contents; Examination; Audit.