Sec. 5.
The authority shall exercise its duties independently of the state treasurer. The staffing, budgeting, procurement, and related administrative functions of the authority shall be performed under the direction and supervision of the state treasurer.
History: 2005, Act 226, Imd. Eff. Nov. 21, 2005
Structure Michigan Compiled Laws
Act 226 of 2005 - Michigan Tobacco Settlement Finance Authority Act (129.261 - 129.279)
Section 129.261 - Short Title.
Section 129.262 - Legislative Findings and Declaration.
Section 129.263 - Definitions.
Section 129.265 - Authority; Duties; Administrative Functions.
Section 129.267 - Powers of Authority.
Section 129.269 - Obligations.
Section 129.271 - Duties of State Before Payment or Discharge of Bonds and Ancillary Facilities.
Section 129.272 - Effect of Bonds Issued Under Act.
Section 129.273 - Dissolution of Authority.
Section 129.274 - Construction of Act.
Section 129.275 - Availability of Funds.
Section 129.277 - Appropriation.