Michigan Compiled Laws
Act 47 of 1945 - Hospital Authority (331.1 - 331.11)
Section 331.8k - Bonds; Authorizing Reduction to Fix Beginning and Ending Dates of Operating Year.

Sec. 8k.
The resolution authorizing the issuance of bonds shall fix the dates of the beginning and ending of the operating year for the projects financed, subject to the right of the department of treasury to require that it corresponds with the fiscal year of the hospital authority.
History: Add. 1973, Act 161, Imd. Eff. Dec. 14, 1973 ;-- Am. 1983, Act 78, Imd. Eff. June 6, 1983 Popular Name: Municipal Hospital Authority Act

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 331 - Hospitals

Act 47 of 1945 - Hospital Authority (331.1 - 331.11)

Section 331.1 - Hospital Authority; Formation; Issuance and Purpose of Bonds; Enlargement of Powers; “Hospitals” and “Community Hospitals and Related Facilities” Defined.

Section 331.2 - Hospital Authority; Body Corporate; Powers; Entity Unable to Document Compliance; Validation, Ratification, and Confirmation of Actions or Proceedings.

Section 331.3 - Contents of Resolution Creating Hospital Authority; Subsequent Membership; Release From Membership; Prior Actions and Proceedings Validated.

Section 331.4 - Community Hospitals; Annual Tax; Reimbursement Payments Under Glenn Steil State Revenue Sharing Act of 1971; Additional Annual Tax for Capital Improvements; Election.

Section 331.5 - Hospital Board; Appointment, Qualifications, and Terms of Members; Temporary Officers; Resolutions Removing Members at Large; Duties of Secretary; Limitation on Procedure; First Meeting; Election of Officers; Executive Committee; Medi...

Section 331.6 - Hospital Board; Meetings; Conducting Business at Public Meeting; Notice of Meeting; Waiver of Notice; Quorum; Record of Meeting; Availability of Record and Other Writings to Public; System of Accounts; Audit; Treasurer's Bond; Bylaws,...

Section 331.7 - Balanced Budget; Preparation; Contents; Notice of Public Hearing; Adoption of Budget; Determining Respective Shares of Cities, Townships, and Villages; Assessed Valuations; Tax Levy; Certification of Amounts to Be Raised; Tax Limitati...

Section 331.8 - Bonds; Issuance; Purpose; Liability; Payment; Sale; Interest Rate; Bonds Subject to Revised Municipal Finance Act.

Section 331.8a - Borrowing Money and Issuing Notes; Purpose; Resolution; Maturity; Validation of Notes Previously Issued; Bonds and Notes Subject to Agency Financing Reporting Act.

Section 331.8b - Hospital Board; Bonds for Capital Improvements in Anticipation of Collection of Additional Tax Levy; Levy for Payment of Bonds and Interest.

Section 331.8c - Bonds; Authorization; Ordinance; Referendum Petition and Election; Notice; Resolution.

Section 331.8d - Bonds; Contents of Authorizing Resolution; Serial; Installments; Form; Execution; Payment of Principal and Interest; Registration.

Section 331.8e - Bonds; Creation of Lien in Authorizing Resolution; Nature and Effect of Lien; Default; Receiver.

Section 331.8f - Bonds; Public Sale; Notice; Publication; Private Sale.

Section 331.8g - Bonds as Negotiable Instruments.

Section 331.8h - Bonds; Deposit or Investment of Sale Proceeds; Use of Moneys Received From Sale; Cancellation of Bonds Acquired by Purchase; Payment of Capitalized Interest.

Section 331.8i - Free Service by Hospital Prohibited; Rates for Services.

Section 331.8j - Additional Bonds.

Section 331.8k - Bonds; Authorizing Reduction to Fix Beginning and Ending Dates of Operating Year.

Section 331.8m - Funds to Which Hospital Revenues Pledged in Authorizing Resolution.

Section 331.8n - Disposition of Moneys in Funds Established by Authorizing Resolution and of Moneys in Bond and Interest Redemption Fund.

Section 331.8p - Redemption of Bonds.

Section 331.8q - Repealed. 2002, Act 435, Imd. Eff. June 10, 2002.

Section 331.8r - Books of Record and Accounts; Availability of Certain Writings to Public; Statement; Misdemeanor; Proceedings to Compel Compliance; Annual Audit Report.

Section 331.8s - Authority and Rights of Hospital Authority; Prior Actions and Proceedings Validated.

Section 331.8t - Certificate of Need.

Section 331.9 - Powers of Hospital Board as to Property; Sale, Exchange, Lease, or Other Transfer of Hospital to Nonprofit Corporation; Sale, Lease, or Other Transfer of Real Property to County; Dissolution of Hospital Authority.

Section 331.10 - Violation of MCL 168.1 to 168.992 Applicable to Petitions; Penalties.

Section 331.11 - Declaration of Necessity.