PocketLaw | Michigan Compiled Laws | 227 of 1985

Board of Trustees; Appointment, Qualifications, and Terms of Members; Duties; Oath; Vacancy; Organization; Rules of Procedure; Conducting Business at Public Meetings; Notice; Quorum; Action of Board; Designation of Representative.

Section
141.1056

Chairperson; Employment, Qualifications, Duties, and Compensation of Personnel; Delegation of Powers and Duties; Exercise of Powers, Duties, and Functions; Budgeting, Procurement, and Related Functions; Costs; Report; Annual Audit.

Section
141.1057

Powers of Board Generally.

Section
141.1058

Purchase of Municipal Obligations by Authority; Bonds or Notes of Authority; Expenses; Preferential Treatment in Rate of Interest; Forgiving or Relinquishing Interest or Principal of Obligation; Purchase of Qualified Bonds of School District; Additional Purchase.

Section
141.1059

Bonds or Notes of Authority; Purposes; Payment; Security; Authorization; Requirements; Validity of Signature; Sale; Revised Municipal Finance Act Inapplicable; Issuance of Bonds Subject to Agency Financing Reporting Act; Interest Rate Exchange Agreement.

Section
141.1060

Authority of Member, Executive Director, or Other Personnel as to Notes, Bonds, and Investments.

Section
141.1064

Powers Constituting Covenants by Authority and Contracts With Holders of Bond or Note.

Section
141.1065

Pledge of Revenues or Other Money; Lien of Pledge; Payment Assigned or Pledged to Authority to Be Held in Trust for Payment of Principal and Interest; Payment Subject to Lien; Nature of Lien; Filing or Recordation Not Required.

Section
141.1065a

Repealed. 1990, Act 281, Imd. Eff. Dec. 13, 1990.

Section
141.1066

Reserve Funds.

Section
141.1066a

State Water Pollution Control Revolving Fund; Establishment; Compliance; Funding; Assistance to Governmental Unit; Loan Agreement; Determination of Eligible Projects; Maximum Amount of Municipal Obligation; Maximum Interest Rate.

Section
141.1066b

State Drinking Water Revolving Fund.

Section
141.1066c

School Loan Revolving Fund.

Section
141.1066d

Grant Agreements Entered Under MCL 324.5204a.

Section
141.1067

Default or Noncompliance by Authority.

Section
141.1068

Liability on Bonds or Notes.

Section
141.1069

Purchasing, Holding, Canceling, or Reselling Bonds or Notes of Authority.

Section
141.1070

State Pledge to and Agreement With Holders of Bonds or Notes.

Section
141.1071

Investment of Sinking Fund, Money, or Other Fund by Banking Business, Insurance Business, or Fiduciary in Bonds or Notes; Bonds or Notes as Security for Public Deposits.

Section
141.1072

Property and Income of Authority; Public Property; Public Purpose; Exemptions From Taxes and Special Assessments.

Section
141.1073

Municipal Obligations Generally.

Section
141.1074

Agreement by Governmental Unit Upon Sale or Issuance of Municipal Obligations; Additional Powers of Authority.

Section
141.1075

Construction of Act.

Section
141.1076

Severability.

Section
141.1077

Repealed. 2000, Act 416, Imd. Eff. Jan. 8, 2001.

Section
141.1078

227 of 1985 - Shared Credit Rating Act (141.1051 - 141.1078)

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Legislative Findings and Declarations.

Short Title.

Definitions.

Michigan Municipal Bond Authority; Created; Powers; Funds.

Board of Trustees; Appointment, Qualifications, and Terms of Members; Duties; Oath; Vacancy; Organization; Rules of Procedure; Conducting Business at Public Meetings; Notice; Quorum; Action of Board; Designation of Representative.

Chairperson; Employment, Qualifications, Duties, and Compensation of Personnel; Delegation of Powers and Duties; Exercise of Powers, Duties, and Functions; Budgeting, Procurement, and Related Functions; Costs; Report; Annual Audit.

Powers of Board Generally.

Purchase of Municipal Obligations by Authority; Bonds or Notes of Authority; Expenses; Preferential Treatment in Rate of Interest; Forgiving or Relinquishing Interest or Principal of Obligation; Purchase of Qualified Bonds of School District; Additional Purchase.

Bonds or Notes of Authority; Purposes; Payment; Security; Authorization; Requirements; Validity of Signature; Sale; Revised Municipal Finance Act Inapplicable; Issuance of Bonds Subject to Agency Financing Reporting Act; Interest Rate Exchange Agreement.

Retirement, Funding, or Refunding of Notes.

Bonds or Notes to Refund Bonds or Notes.

Security Transactions; Authorization and Approval.

Authority of Member, Executive Director, or Other Personnel as to Notes, Bonds, and Investments.

Powers Constituting Covenants by Authority and Contracts With Holders of Bond or Note.

Pledge of Revenues or Other Money; Lien of Pledge; Payment Assigned or Pledged to Authority to Be Held in Trust for Payment of Principal and Interest; Payment Subject to Lien; Nature of Lien; Filing or Recordation Not Required.

Repealed. 1990, Act 281, Imd. Eff. Dec. 13, 1990.

Reserve Funds.

State Water Pollution Control Revolving Fund; Establishment; Compliance; Funding; Assistance to Governmental Unit; Loan Agreement; Determination of Eligible Projects; Maximum Amount of Municipal Obligation; Maximum Interest Rate.

State Drinking Water Revolving Fund.

School Loan Revolving Fund.

Grant Agreements Entered Under MCL 324.5204a.

Default or Noncompliance by Authority.

Liability on Bonds or Notes.

Purchasing, Holding, Canceling, or Reselling Bonds or Notes of Authority.

State Pledge to and Agreement With Holders of Bonds or Notes.

Investment of Sinking Fund, Money, or Other Fund by Banking Business, Insurance Business, or Fiduciary in Bonds or Notes; Bonds or Notes as Security for Public Deposits.

Property and Income of Authority; Public Property; Public Purpose; Exemptions From Taxes and Special Assessments.

Municipal Obligations Generally.

Agreement by Governmental Unit Upon Sale or Issuance of Municipal Obligations; Additional Powers of Authority.

Construction of Act.

Severability.

Repealed. 2000, Act 416, Imd. Eff. Jan. 8, 2001.

Repealed. 1996, Act 241, Imd. Eff. June 10, 1996.