Sec. 9.
(1) An authority may employ staff, including legal and technical experts, and other officers, or employees, permanent or temporary, paid from the funds of the authority.
(2) The accounts of an authority are subject to annual audits by the state auditor general or a certified public accountant selected by the authority. Copies of the audits shall be forwarded annually to the state treasurer as provided in the uniform budgeting and accounting act, 1968 PA 2, MCL 141.421 to 141.440a. Records shall be maintained according to generally accepted accounting principles.
(3) The authority shall prepare and adopt an annual budget.
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.