***** 120.24 THIS SECTION IS SUBJECT TO CONDITIONAL REPEAL: See (2) of 120.130 *****
Sec. 24.
Each port commission shall have power to raise revenue by a tax to be levied on all taxable property within such port district, not exceeding 2 mills in any one year on each dollar of the assessed valuation of the taxable property in such port district. The tax shall be for such number of years as approved by the electors of the cities or townships or of the county or counties and shall be levied and collected in the same manner now provided for the levy of state and county taxes under the general tax law, and shall be paid to the county treasurer having custody of the port district fund, to the credit of such fund, and such tax shall not exceed $1,500,000.00 in any one year. If the port commission is authorized under any present or future law of the state to establish special assessment zones and to raise revenue through the medium of special assessments for benefits within such zones, taxes so assessed shall be in excess of such 2 mill limitation. This act shall not authorize a county allocation board to allocate millage within the 15 mill limitation for capital construction purposes, except to meet any deficiency in the payments of principal or interest upon bonds regularly issued with the approval of the electors. Funds may be appropriated from regular millage for operating purposes only in an amount to be established by the board of supervisors, and the board of supervisors may also appropriate for any purposes moneys obtained as revenues from the operation of the port.
History: 1925, Act 234, Eff. Aug. 27, 1925 ;-- CL 1929, 2313 ;-- Am. 1931, Act 299, Eff. Sept. 18, 1931 ;-- Am. 1933, Act 67, Imd. Eff. May 1, 1933 ;-- CL 1948, 120.24 ;-- Am. 1958, Act 178, Imd. Eff. Apr. 18, 1958 ;-- Am. 1964, Act 24, Imd. Eff. Apr. 29, 1964 ;-- Am. 1966, Act 318, Eff. Mar. 10, 1967 Compiler's Notes: For repeal of act, see MCL 120.130 and Compiler's note thereto.
Structure Michigan Compiled Laws
Act 234 of 1925 - Port Districts (120.1 - 120.36)
Section 120.1 - Port Districts; Incorporation, Exercise of Powers.
Section 120.4 - Election; Notice, Form of Ballot.
Section 120.5 - Formation; Procedure, Referendum, Effective Date of Creation.
Section 120.8 - Formation of District; Election and Survey Expense.
Section 120.9 - Port Commission, Appointment, Term, Vacancies.
Section 120.10a - Conducting Business at Public Meeting; Notice.
Section 120.11 - Port Commission; Submission of Propositions at Elections, Canvass of Votes.
Section 120.12 - Port Commission; Commissioners, Compensation; Mileage, Expenses.
Section 120.13 - Port Commission; Acquisition of Property.
Section 120.13a - Port Commission; Acceptance of Gifts, Grants or Loan; Approval.
Section 120.14 - Port Districts; Powers.
Section 120.15 - Port District Public Improvement; Issue of Evidence of Indebtedness.
Section 120.17 - Port District Public Improvements; Lands, Leases and Easements.
Section 120.18 - Port District Public Improvements; Streams.
Section 120.19 - Port District Public Improvements; Waterways, Creation.
Section 120.20 - Public Improvements; Income Producing; Payment in Lieu of Taxes.
Section 120.21 - Commodities; Tolls, Fees, Rents; Approval.
Section 120.22 - Lease of Property; Maximum Term, Bond.
Section 120.23 - Sale of Property; Approval.
Section 120.24 - Port Commission; Taxes, Special Assessments; Allocation of Millage.
Section 120.24a, 120.24b - Repealed. 1958, Act 178, Imd. Eff. Apr. 18, 1958.
Section 120.25 - Port Commission; Bond Issues, Limit, Approval by Governing Bodies or Electors.
Section 120.26 - Port Commission; Assistants and Employes.
Section 120.27 - Port Commission; Expenditures, Authority, Bids.
Section 120.28 - Port Commission; Lease of Harbor Area, Rents.
Section 120.29a - Availability of Writings to Public.
Section 120.32 - Power to Borrow in Anticipation of Tax.
Section 120.33 - Fund Created; Special Funds; Disbursement.
Section 120.34 - Annual Reports; Budgets; Budget Committee.
Section 120.35 - Construction of Act.
Section 120.36 - Repealed. 1966, Act 318, Eff. Mar. 10, 1967.