Sec. 2.
The legislature of this state finds that there exists in this state a continuing need for programs to promote tourism and convention business in order to assist in the prevention of unemployment and the alleviation of the conditions of unemployment, to preserve existing jobs, and to create new jobs to meet the employment demands of population growth. To achieve these purposes, it is necessary to assist and encourage local units of government to acquire, construct, improve, enlarge, renew, replace, repair, finance, furnish, and equip convention facilities and the real property on which they are located and to refinance these activities.
History: 1999, Act 203, Imd. Eff. Dec. 21, 1999
Structure Michigan Compiled Laws
Chapter 141 - Municipal Financing
Act 203 of 1999 - The Convention Facility Authority Act (141.1401 - 141.1414)
Section 141.1401 - Short Title.
Section 141.1402 - Legislative Findings.
Section 141.1403 - Definitions.
Section 141.1404 - Establishment of Authority by County and City; Resolution; Organization.
Section 141.1406 - Board of Directors; Discharge of Duties; Actions; Meetings; Compensation.
Section 141.1407 - Conduct of Business at Public Meetings; Disclosure Requirements.
Section 141.1408 - Powers of Authority; Tax Levy Prohibited.
Section 141.1409 - Employment of Staff; Audits; Budget.
Section 141.1410 - Convention Facility Authority Fund; Creation; Disposition of Money.
Section 141.1411 - Payment of Costs From Certain Revenues.
Section 141.1412 - Issuance of Negotiable Revenue Bonds; Limitations.
Section 141.1413 - Property of Authority.
Section 141.1414 - Use of Funds Received Pursuant to Section 301 of 1999 Pa 137.