Sec. 14.
In connection with the ownership and operation of an electric utility facility, whether owned individually or jointly, the governing body of a municipal electric utility system may enter into the necessary license agreements with federal, state, or Canadian regulatory agencies, and comply with conditions imposed by the licensing agency, including, but not limited to, actions necessary to preserve and protect the environment, the acquisition of required public liability insurance, including waiver of defenses and payment of retrospective premiums, and other actions as may be necessary.
History: 1976, Act 448, Imd. Eff. Jan. 13, 1977
Structure Michigan Compiled Laws
Chapter 460 - Public Utilities
Act 448 of 1976 - Michigan Energy Employment Act of 1976 (460.801 - 460.848)
Article 1 - General Administrative Provisions (460.801...460.816)
Section 460.801 - Short Title.
Section 460.802 - Meanings of Words and Phrases.
Section 460.803 - Definitions; E to J.
Section 460.804 - Definitions; M.
Section 460.805 - Definitions; P.
Section 460.806 - Definitions; P to R.
Section 460.808 - Fuel Sources and Reserves; Facilities for Transportation and Storage.
Section 460.809 - Facilities for Transmission of Energy; Contracts With Other Power Utilities.
Section 460.810 - Electric Utility Facilities; Exercise of Authority by Governing Body.
Section 460.812 - Financing Cost of Electric Utility Facility; Bonds.
Section 460.813 - Exemption From Taxation.
Section 460.814 - License Agreements.