Michigan Compiled Laws
Chapter 124 - Municipalities
Act 196 of 1986 - Public Transportation Authority Act (124.451 - 124.479)

Section 124.451 - Short Title. - Sec. 1. This act shall be known and may be...

Section 124.452 - Definitions. - Sec. 2. As used in this act: (a) "Board" means...

Section 124.453 - Public Authority; Formation Generally; Membership; Articles of Incorporation; Approval. - Sec. 3. (1) An authority incorporated under Act No. 55...

Section 124.454 - Public Authority; Formation by Political Subdivision; Articles of Incorporation. - Sec. 4. (1) A political subdivision or a combination of...

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. - Sec. 5. (1) The adoption of articles of incorporation under...

Section 124.456 - Articles of Incorporation; Contents. - Sec. 6. The articles of incorporation shall state the name...

Section 124.457 - Membership After Formation of Public Authority; Resolution; Approval, Execution, Filing, and Publication of Amendment to Articles. - Sec. 7. A political subdivision or a portion of a...

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. - Sec. 8. (1) Except as otherwise provided in subsection (2),...

Section 124.459 - Tax Limitations. - Sec. 9. A public authority is intended to and shall...

Section 124.460 - Validation and Ratification of Acts Taken Before Effective Date of Act. - Sec. 10. The organization, existence, membership, and all acts taken...

Section 124.461 - Assumption, Transfer, Assignment, or Conveyance of Tax Revenues, Property, Rights, Duties, and Obligations. - Sec. 11. (1) All tax revenue, or real or personal...

Section 124.462 - Powers of Public Authority Generally; Public Authority as Public Benefit Agency and Instrumentality of State. - Sec. 12. A public authority created under this act may...

Section 124.463 - Additional Powers of Public Authority. - Sec. 13. A public authority formed under this act shall...

Section 124.464 - Additional Powers of Public Authority. - Sec. 14. A public authority formed under this act, in...

Section 124.465 - Collective Bargaining Agreements; Employees Entering Military Service. - Sec. 15. (1) A public authority formed under this act...

Section 124.466 - Exemption of Public Authority From Certain Acts in Exercise of Powers. - Sec. 16. In the exercise of its powers within the...

Section 124.467 - Public Transportation Service; Financing. - Sec. 17. Public transportation service, including any public transportation system...

Section 124.468 - Tax Levy; Collection. - Sec. 18. (1) A public authority formed under this act...

Section 124.469 - Additional Tax Levy. - Sec. 19. Any member of the public authority or a...

Section 124.470 - Contract With Public Authority to Make Payments, Appropriations, or Contributions; Pledge of Full Faith and Credit; Tax Levy; Execution of Contract. - Sec. 20. (1) Any member of the public authority or...

Section 124.471 - Duties of Public Authority. - Sec. 21. Each public authority created under this act shall...

Section 124.472 - Notes and Bonds Generally. - Sec. 22. A public authority may, by resolution of its...

Section 124.473 - Notes and Bonds; Additional Provisions; Tax Exemption; Advancing Money or Delivering Property to Carry Out Powers and Duties; Repayment or Payment. - Sec. 23. (1) A public authority may borrow money and...

Section 124.474 - Loans. - Sec. 24. The public authority may lend money including money...

Section 124.475 - Revenues Pledged for Payment of Debt Service on Bonds or Notes Subject to Statutory Lien; Substitution of Other Security. - Sec. 25. The revenues pledged for payment of debt service...

Section 124.476 - Investments; Use of Investment Income. - Sec. 26. (1) The public authority may invest any of...

Section 124.477 - Notes and Bonds as Securities. - Sec. 27. The notes and bonds of the authority are...

Section 124.478 - Validation and Ratification of Prior Acts. - Sec. 28. The authorization, issuance, sale, execution, and delivery of...

Section 124.479 - Duration of Financial Obligation. - Sec. 29. Notwithstanding any other provision of this act, a...