PocketLaw | Michigan Compiled Laws | 49 of 2002 - Michigan Broadband

49 of 2002 - Michigan Broadband Development Authority Act (484.3201 - 484.3225)

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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.