Michigan Compiled Laws
Act 49 of 2002 - Michigan Broadband Development Authority Act (484.3201 - 484.3225)
Section 484.3201 - Short Title.

Sec. 1.
This act shall be known and may be cited as the "Michigan broadband development authority act".
History: 2002, Act 49, Imd. Eff. Mar. 14, 2002 Compiler's Notes: For transfer of powers and duties of Michigan broadband development authority from department of treasury to department of labor and economic growth by Type I transfer, see E.R.O. No. 2003-1, compiled at MCL 445.2011.For transfer of powers and duties of Michigan broadband development authority and its board of directors, with the exception of powers and duties under MCL 484.3207(1)(d), to the Michigan state housing development authority, and for transfer of powers and duties under MCL 484.3207(1)(d) to Michigan public service commission, see E.R.O. No. 2008-4, compiled at MCL 445.2025.

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 484 - Telephone, Telegraph, and Radio

Act 49 of 2002 - Michigan Broadband Development Authority Act (484.3201 - 484.3225)

Section 484.3201 - Short Title.

Section 484.3202 - Legislative Findings.

Section 484.3203 - Definitions.

Section 484.3204 - Michigan Broadband Development Authority; Creation; Duties.

Section 484.3205 - Administrative Functions; Performance Under Direction and Supervision of State Treasurer.

Section 484.3206 - Board of Directors; Membership; Service of Representative in Member's Absence; Compensation; Chairperson; Officers; Quorum; Voting; Open Meetings Act; Confidentiality; “Trade Secrets, Commercial, Financial, or Proprietary Informati...

Section 484.3207 - Powers of Authority.

Section 484.3208 - Reserve Capital Account; Creation; Administration; Credit of Proceeds From Sale of Notes or Bonds; Capital Reserve Fund; Creation; Use; Security Arrangements; Transfer of Income or Interest Earned.

Section 484.3209 - Capital Reserve Fund; Amount; Deficiency; Restoration; Liability of State for Notes or Bonds.

Section 484.3210 - Notes and Bonds; Issuance, Renewal, and Refund by Authority.

Section 484.3211 - Notes and Bonds; Issuance by Resolution; Form and Terms; Sale; Prices.

Section 484.3212 - Notes or Bonds; Contents of Resolutions.

Section 484.3213 - Money or Property Pledged and Received by Authority.

Section 484.3214 - Notes or Bonds; Personal Liability.

Section 484.3215 - Notes or Bonds; Power of Authority to Purchase.

Section 484.3216 - Rights of Authority to Fulfill Terms of Agreement Not Limited, Altered, or Impaired.

Section 484.3217 - Notes or Bonds as Limited Obligations.

Section 484.3218 - Default.

Section 484.3219 - Disposition of Money Held by Authority.

Section 484.3220 - Notes and Bonds as Securities; Investment.

Section 484.3221 - Full Faith and Credit Bonds; Issuance; Vote.

Section 484.3222 - Notes and Bonds; Exemption From Tax.

Section 484.3223 - Property; Exemption From Tax.

Section 484.3224 - Annual Report.

Section 484.3225 - New Partnerships or Joint Ventures; Limitation.