Michigan Compiled Laws
451-1994-III-2-4-THE-TIMBER-INDUSTRY-505 - Part 505 Michigan Forest Finance Authority (324.50501...324.50522)
Section 324.50522 - Rules.

Sec. 50522.
The authority may promulgate rules as necessary to implement this part.
History: Add. 1995, Act 57, Imd. Eff. May 24, 1995 Popular Name: Act 451Popular Name: NREPA

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 324 - Natural Resources and Environmental Protection

Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)

Article III - Natural Resources Management (324.30101...324.83109)

451-1994-III-2 - Chapter 2 Management of Renewable Resources (324.40101...324.53519)

451-1994-III-2-4 - Subchapter 4 Forests (324.50101...324.53519)

451-1994-III-2-4-THE-TIMBER-INDUSTRY - The Timber Industry (324.50101...324.50707)

451-1994-III-2-4-THE-TIMBER-INDUSTRY-505 - Part 505 Michigan Forest Finance Authority (324.50501...324.50522)

Section 324.50501 - Purpose of Part.

Section 324.50502 - Definitions.

Section 324.50503 - Michigan Forest Finance Authority; Creation; Exercise of Powers, Duties, and Functions; Handling of Funds.

Section 324.50504 - Board of Directors; Appointment; Terms; Oath; Vacancy; Persons Subject to MCL 15.321 to 15.330; Discharge of Duties; Policies and Procedures; Conducting Business at Public Meetings; Notice; Quorum; Actions of Board; Representative...

Section 324.50505 - Election of Chairperson and Vice-Chairperson; State Forester as Executive Director; Qualifications, Duties, and Compensation of Employees; Delegation of Powers or Duties; Rights and Interests of Authority; Annual Report; Audits; R...

Section 324.50506 - Powers of Board.

Section 324.50507 - Financing Forest Management Operations and Practices; Application of Funds; Interim Procedure; Annual List of Activities and Practices; Projection of Probable Default; Contracts for Cutting and Sale of Timber; Forest Development F...

Section 324.50508 - Department as Agent for Authority; Conveyance of State's Interest in Contracts Granting Timber Cutting Rights; Deposit of Money Received; Conveyance of Title to Timber.

Section 324.50509 - Bonds and Notes Generally; Expenses; Expenditures.

Section 324.50510 - Bonds or Notes; Purposes; Payment; Requirements; Signature of Board Member or Office of Authority; Sale of Bonds or Notes; Applicability of Other Laws; Interest Rate Agreement.

Section 324.50511 - Refunding Bonds or Notes.

Section 324.50512 - Security to Assure Timely Payment of Bond or Note.

Section 324.50513 - Bonds or Notes; Authority of Board Member, Executive Director, or Other Officer of Authority.

Section 324.50514 - Resolution Authorizing Bonds or Notes; Provisions.

Section 324.50515 - Pledge.

Section 324.50516 - Personal Liability on Bonds or Notes.

Section 324.50517 - Purchasing, Holding, Canceling, or Reselling Bonds or Notes.

Section 324.50518 - Rights and Remedies.

Section 324.50519 - Bonds or Notes as Legal Investments; Security.

Section 324.50520 - Property and Income of Authority; Exemption From Taxes and Special Assessments; Bonds or Notes Exempt From Taxation.

Section 324.50521 - Liberal Construction; Broad Interpretation.

Section 324.50522 - Rules.