Michigan Compiled Laws
Act 157 of 1986 - Michigan Export Development Act (447.151 - 447.168)
Section 447.151 - Short Title.

Sec. 1.
This act shall be known and may be cited as the “Michigan export development act”.
History: 1986, Act 157, Imd. Eff. July 7, 1986 Compiler's Notes: For transfer of the Michigan Export Development Authority from the Department of Agriculture to the Department of Commerce with rulemaking, licensing, and registration functions to be exercised by the Authority independent of the Director of the Department of Commerce, see E.R.O. No. 1991-11, compiled at MCL 447.211 of the Michigan Compiled Laws.For naming of the Michigan export development authority as the Michigan international trade authority, see E.R.O. No. 1994-3, compiled at MCL 447.212 of the Michigan Compiled Laws.

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 447 - Foreign Trade

Act 157 of 1986 - Michigan Export Development Act (447.151 - 447.168)

Section 447.151 - Short Title.

Section 447.152 - Definitions.

Section 447.153 - Michigan Export Development Authority; Creation; Budgeting, Procurement, and Related Functions; Purpose of Authority.

Section 447.154 - Board of Directors; Appointment, Qualifications, and Terms of Members; Vacancy; Oath or Affirmation; Reimbursement for Expenses; Election of Chairperson, Vice-Chairperson, Secretary, and Other Officers; Quorum; Majority Vote Suffici...

Section 447.155 - Effect of Vacancy in Membership of Board; Authorization and Effective Date of Action by Board; Delegation of Powers and Duties; Liability or Accountability on Contract, Commitment, or Agreement; Liability for Damage or Injury; Indem...

Section 447.156 - Conducting Business at Public Meeting; Notice; Availability of Writings to Public; Confidentiality.

Section 447.157 - Powers of Authority Generally.

Section 447.158 - Guarantee or Export Insurance for Eligible Export Transaction; Requirements; Fees; Determinations; Condition to Provision of Guarantee or Export Insurance.

Section 447.158a - Grant to Non-Profit Organization; Purposes.

Section 447.159 - Bonds Generally.

Section 447.160 - Bonds and Notes Generally.

Section 447.161 - Bonds or Security Agreement; Resolution; Trustee or Depository.

Section 447.162 - Bonds; Refunding.

Section 447.163 - Proceeds From Sale of Bonds; Application; Export Development Bond Fund as Separate Fund; Investments and Earnings.

Section 447.164 - Tax Exemptions Generally.

Section 447.165 - Additional Tax Exemptions.

Section 447.166 - Insurance Fund; Insurance Pledged as Security.

Section 447.167 - Bonds, Debentures, Notes, or Other Evidence of Indebtedness as Securities; Investment; Deposit.

Section 447.168 - Annual Report; Contents; Examination; Audit.