Sec. 28.
An authority shall make an annual report of its activities within 3 months after the close of its fiscal year to the governor and to the governing body of each constituent unit. The report shall include a complete operating and financial statement covering its operations during the year. The authority shall cause an audit of its books and accounts to be made at least once each year by a certified public accountant, with the cost to be treated as an operation expense.
History: 1978, Act 639, Imd. Eff. Jan. 11, 1979 Compiler's Notes: See Compiler's note to MCL 120.130.
Structure Michigan Compiled Laws
Act 639 of 1978 - Hertel-Law-T. Stopczynski Port Authority Act (120.101 - 120.130)
Section 120.101 - Short Title.
Section 120.102 - Definitions.
Section 120.103 - Port Authority; Exercise of Powers and Duties; Jurisdiction.
Section 120.106 - Bond of Secretary-Treasurer.
Section 120.107 - Advisory Committees and Councils.
Section 120.108 - Port Authority; Powers Generally.
Section 120.109 - Port Authority; Additional Powers.
Section 120.110 - Port Authority; Additional Powers.
Section 120.111 - Port Authority; Liability.
Section 120.114a - Violation of MCL 168.1 to 168.992 Applicable to Petitions; Penalties.
Section 120.116 - Revenue Bonds; Trust Agreement.
Section 120.117 - Bonds as Securities; Investment; Deposit.
Section 120.119 - Validation of Bonds or Notes; Contesting Validity.
Section 120.120 - Contract for Use of Port Facilities; Increase in Charges; Duration of Contract.
Section 120.121 - Dock, Waterfront, or Riparian Property; Transfer, Possession, or Control.
Section 120.122 - Tax Exemption.
Section 120.124 - Operating Budget.
Section 120.125 - Surplus of Unencumbered Funds; Disposition.
Section 120.126 - Entry on Lands, Waters, and Premises; Purpose; Reimbursement for Actual Damages.
Section 120.128 - Annual Report; Audit.
Section 120.129 - Liberal Construction; Powers Cumulative.
Section 120.130 - Repeal of MCL 120.1 to 120.35; Effective Date of Subsection (1).