Sec. 29.
An authority may acquire property for a lighting system by purchase, construction, lease, gift, or devise, either within or outside its corporate limits. The authority may hold, manage, control, sell, exchange, or lease the property, except that if the property at issue was purchased, constructed, gifted, devised, leased, or otherwise came into the authority's ownership or control from the local government, the authority may not sell, exchange, or otherwise dispose of the property unless the other party to the transaction is the local government that previously owned the property so that the property will return to the ownership of the local government that owned the property before the transfer to the authority.
History: 2012, Act 392, Imd. Eff. Dec. 19, 2012
Structure 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 123.1267 - Alteration of Laws and Regulations of Utility Franchise.
Section 123.1269 - Articles of Incorporation.
Section 123.1279 - Fiscal Year; Commencement; Ending.
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.