Michigan Compiled Laws
Act 214 of 1952 - Mackinac Bridge Authority (254.311 - 254.332)
Section 254.324c - Straits Protection Fund.

Sec. 14c.
(1) The straits protection fund is created within the state treasury.
(2) The state treasurer may receive money or other assets from any source for deposit into the straits protection fund. The state treasurer shall direct the investment of the straits protection fund. The state treasurer shall credit to the straits protection fund interest and earnings from fund investments.
(3) Money in the straits protection fund at the close of the fiscal year shall remain in the straits protection fund and shall not lapse to the general fund.
(4) The state transportation department shall be the administrator of the fund for auditing purposes.
History: Add. 2018, Act 359, Imd. Eff. Dec. 12, 2018

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 254 - Bridges

Act 214 of 1952 - Mackinac Bridge Authority (254.311 - 254.332)

Section 254.311 - Mackinac Bridge Authority; Definitions; Scope of Act.

Section 254.312 - Mackinac Bridge Authority; Corporate Existence, Terms.

Section 254.313 - Repealed. 2005, Act 331, Imd. Eff. Dec. 28, 2005.

Section 254.314 - Mackinac Bridge Authority; Bridge Construction, Bond Proceeds; Property Acquisition and Condemnation, Surveys, Easements.

Section 254.315 - Revenue Bonds; Purposes; Sale or Exchange of Refunding Bonds; Contracts for Fiscal Agents' Services; Payment of Principal, Interest, and Redemption Premiums; Serial Bonds or Term Bonds; Statement; Signatures; Negotiability; Tax Exem...

Section 254.316 - Mackinac Bridge Authority; Security, Trust Indenture; Authority, Duties; Annual Audit; Depository; Collateral Security; Approval.