Michigan Compiled Laws
Act 560 of 2016 - Michigan Veterans' Facility Authority Act (36.101 - 36.112a)
Section 36.110 - Dissolution of Authority; Conditions; Disposition of Property, Funds, and Assets.

Sec. 10.
The authority may be dissolved by act of the legislature on condition that the authority has no debts or obligations outstanding or that provision has been made for the payment or retirement of all debts or obligations. Upon any such dissolution of the authority, all property, funds, and assets of the authority shall be vested in this state.
History: 2016, Act 560, Imd. Eff. Jan. 11, 2017

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 36 - Michigan Veterans' Facility

Act 560 of 2016 - Michigan Veterans' Facility Authority Act (36.101 - 36.112a)

Section 36.101 - Short Title.

Section 36.102 - Definitions.

Section 36.103 - Michigan Veterans' Facility Authority; Creation; Promulgation of Rules; Exercise of Powers and Duties; Powers as Essential Governmental Function; Separate Legal Entity; Operation and Staffing.

Section 36.104 - Repealed. 2018, Act 630, Eff. Dec. 28, 2018.

Section 36.105 - Board of Directors; Duties; Membership; Terms; Designated Representative; Compensation; Expenses; Chairperson; Director of Department as Nonvoting Member; Appointment of Veteran; Quorum; Actions by Majority Vote; Appointment of Execu...

Section 36.106 - Authority; Powers; Employees; Factors When Determining Operation and Staffing of Veterans' Facility; Duties.

Section 36.106a - Eligibility for Admission to Veterans' Facility; per Diem Rates; Deposit Into Veterans' Facility Operation Fund; Deduction Upon Death of Veteran or Dependent; Remittance; Dismissal for Failure to Remit Payment; Definitions.

Section 36.106b - Appeals Board; Creation; Membership; Duties.

Section 36.106c - Authority; Fiduciary Oversight; Duties Related to Funds.

Section 36.107 - Determination of Public and Governmental Purpose; Exercise of Powers as Essential Governmental Function; Tax Exemption; Restrictions on Use of Bond Proceeds.

Section 36.108 - Issuance of Bonds.

Section 36.109 - Investment in Bonds.

Section 36.110 - Dissolution of Authority; Conditions; Disposition of Property, Funds, and Assets.

Section 36.111 - Construction of Act.

Section 36.112 - Report; Supplemental Report; Audits.

Section 36.112a - Quarterly Reports.