Michigan Compiled Laws
Act 392 of 2012 - Municipal Lighting Authority Act (123.1261 - 123.1295)
Section 123.1279 - Fiscal Year; Commencement; Ending.

Sec. 19.
Unless the board, by resolution, establishes a different fiscal year, the fiscal year of the authority shall commence on July 1 of each year and end on the following June 30.
History: 2012, Act 392, Imd. Eff. Dec. 19, 2012

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 123 - Local Government

Act 392 of 2012 - Municipal Lighting Authority Act (123.1261 - 123.1295)

Section 123.1261 - Short Title.

Section 123.1263 - Definitions.

Section 123.1265 - Legislative Intent; Authority; Manner of Carrying Out Powers; Public Municipal Corporation; Lighting System Assets; Transfer of Ownership or Operational Control.

Section 123.1267 - Alteration of Laws and Regulations of Utility Franchise.

Section 123.1269 - Articles of Incorporation.

Section 123.1271 - Authority as Public Municipal Corporation and Public Body Corporate; Powers; Maintenance of Books and Records; Implementation of Best Value Supply Chain and Procurement Practice.

Section 123.1273 - Board of Directors; Appointment; Expiration of Term; Qualifications; Certification to Be Signed by Board Member; Report by Attorney General; Failure of Board Member to Make Required Certification.

Section 123.1275 - Meeting; Selection of Officers; Bond; Employees and Other Professional Services; Quorum; Rules and Bylaws; Business Conducted at Public Meeting; Compliance With Freedom of Information Act; Annual Audit; Progress Reports.

Section 123.1277 - Plan for Next 3 Succeeding Years; Contents; Acceptance or Rejection by Local Governing Body; Revised Plan; Rejection; Final Proposed Plan; Adoption.

Section 123.1279 - Fiscal Year; Commencement; Ending.

Section 123.1280 - Collective Bargaining Agreement; Employment Relationship Between Existing Employees of Local Government and Proposed Authority; Transfer of Employees to Authority; Representation by Labor Organization; Single Seniority List; Employ...

Section 123.1281 - Issuance of Bonds.

Section 123.1283 - Ancillary Facility.

Section 123.1285 - Contracts; Trust Agreement; Definitions.

Section 123.1287 - Property as Public Property; Exemption From Taxes.

Section 123.1289 - Acquisition of Property.

Section 123.1291 - Advance or Loan of Money From Local Governing Body to Authority.

Section 123.1293 - Powers in Addition to Charter or Statute.

Section 123.1295 - Construction of Act.