Sec. 23.
The property of the authority and its income and operation are exempt from all taxation by this state or any of its political subdivisions.
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.
Structure 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 484.3207 - Powers of Authority.
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 484.3217 - Notes or Bonds as Limited Obligations.
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.