Sec. 44.
(1) A joint agency may sell or exchange the excess capacity or output of a project not required by any of its members for consideration upon terms and conditions as determined by the parties.
(2) A joint agency may do 1 or more of the following:
(a) Transfer all or part of its interest in or functional control of transmission facilities to a multistate regional transmission system organization approved by the federal government and operating in this state or to 1 or more of its transmission-owning members.
(b) Purchase, acquire, sell, or otherwise transfer stock, membership units, or any other interest in a multistate regional transmission system organization approved by the federal government and operating in this state or in 1 or more of its transmission-owning members.
History: 1976, Act 448, Imd. Eff. Jan. 13, 1977 ;-- Am. 2002, Act 532, Imd. Eff. July 25, 2002 ;-- Am. 2008, Act 21, Imd. Eff. Mar. 7, 2008
Structure Michigan Compiled Laws
Chapter 460 - Public Utilities
Act 448 of 1976 - Michigan Energy Employment Act of 1976 (460.801 - 460.848)
Article 3 - (460.831...460.848)
Section 460.831 - Joint Agency; Formation; Creation; Purpose; Determination of Best Interest.
Section 460.832 - Board of Commissioners; Appointment and Term of Commissioners.
Section 460.836 - Other Municipality as Member of Joint Agency; Application; Resolution; Withdrawal.
Section 460.837 - Joint Agency; Rights and Powers Generally.
Section 460.840 - Determining Future Power Requirements; Considerations.
Section 460.842a - Violation of MCL 168.1 to 168.992 Applicable to Petitions; Penalties.
Section 460.844 - Sale or Exchange of Excess Capacity or Output.
Section 460.845 - Eminent Domain.