Sec. 5.
A quorum for the transaction of business shall consist of a majority of the members of the authority, and a quorum may bind the authority. The authority shall promulgate rules to implement this act pursuant to Act No. 306 of the Public Acts of 1969, as amended, being sections 24.201 to 24.315 of the Michigan Compiled Laws.
History: 1960, Act 77, Imd. Eff. Apr. 25, 1960 ;-- Am. 1974, Act 19, Imd. Eff. Feb. 15, 1974 ;-- Am. 1976, Act 406, Imd. Eff. Jan. 9, 1977 Admin Rule: R 390.1401 et seq. of the Michigan Administrative Code.
Structure Michigan Compiled Laws
Chapter 390 - Universities and Colleges
Act 77 of 1960 - Michigan Higher Education Assistance Authority (390.951 - 390.961)
Section 390.951 - Michigan Higher Education Assistance Authority; Creation.
Section 390.952 - Appointment and Qualifications of Members of Authority.
Section 390.953 - Higher Education Assistance Authority; Term of Office, Removal.
Section 390.954 - Higher Education Assistance Authority; Vacancies, Appointment, Removal.
Section 390.955 - Quorum; Rules.
Section 390.955a - Conducting Business at Public Meeting; Notice.
Section 390.956 - Higher Education Assistance Authority; Compensation, Expenses.
Section 390.957 - Powers of Authority.
Section 390.957a - Repealed. 2006, Act 425, Eff. Oct. 1, 2007.
Section 390.957b - Repealed. 2008, Act 103, Eff. Oct. 1, 2008.
Section 390.958 - Loans to Minors.
Section 390.959 - Higher Education Assistance Authority; Gift Tax, Deductible.