Sec. 7.
(1) A board shall conduct all business at public meetings held in compliance with the open meetings act, 1976 PA 267, MCL 15.261 to 15.275. Public notice of the time, date, and place of each meeting shall be given in the manner required by the open meetings act, 1976 PA 267, MCL 15.261 to 15.275.
(2) A record or a portion of a record, material, or other data received, prepared, used, or retained by the authority that relates to financial or proprietary information that is identified in writing by the person submitting the information and acknowledged by the board as confidential is not subject to the disclosure requirements of the freedom of information act, 1976 PA 442, MCL 15.231 to 15.246. The board may meet in closed session pursuant to the open meetings act, 1976 PA 267, MCL 15.261 to 15.275, to make a determination of whether it acknowledges as confidential any financial or proprietary information submitted and considered by the person submitting the information as confidential. For the purpose of this subsection, "financial or proprietary information" means information that has not been publicly disseminated or that is unavailable from other sources, the release of which might cause the person submitting the information competitive harm.
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.