Sec. 21.
An incorporating unit may incorporate a local hospital authority under this act for the purposes of constructing, acquiring, reconstructing, remodeling, improving, adding to, enlarging, repairing, owning, and leasing hospital facilities for the use of a hospital within or without the boundaries of the incorporating unit; lending money to a hospital for those purposes; refunding or refunding in advance obligations of a local authority or the state authority; or refinancing the indebtedness of a hospital.
History: 1969, Act 38, Imd. Eff. July 14, 1969 ;-- Am. 1978, Act 277, Imd. Eff. July 3, 1978
Structure Michigan Compiled Laws
Act 38 of 1969 - Hospital Finance Authority Act (331.31 - 331.84)
38-1969-3 - Chapter 3 (331.51...331.63)
Section 331.51 - Incorporation of Local Hospital Authority; Purposes.
Section 331.52 - Local Authority; Articles of Incorporation, Adoption, Certificate Form.
Section 331.53 - Local Authority; Articles, Contents.
Section 331.55 - Local Authority; Articles, Amendment.
Section 331.57 - Powers of Local Authority.
Section 331.59 - Contents of Resolution Authorizing Bonds.
Section 331.60 - Additional Provisions of Resolution Authorizing Bonds.
Section 331.61 - Local Authority; Bonds, Enforcement of Payment, Validity, Publication.
Section 331.62 - Issuance of New Bonds.
Section 331.63 - Local Authority; Conveyance of Hospital Facilities.