Sec. 2.
(1) The state building authority is created, is made a body corporate, separate and distinct from the state, and may sue and be sued, plead and be impleaded, contract and be contracted with, have a corporate seal, and enjoy and carry out all powers granted it in this act. Funds of the authority shall be handled in the same manner and by the same provisions of law which apply to state funds.
(2) The building authority shall be governed by a board of trustees consisting of 5 members appointed by the governor, with the advice and consent of the senate, for terms of 4 years. In appointing the first members of the board, the governor shall designate 2 to serve for 4 years, 1 to serve for 3 years, 1 to serve for 2 years, and 1 to serve for 1 year.
(3) A vacancy in office of a member of the board, whether caused by resignation, death, expiration of office, or otherwise, shall be filled by appointment by the governor with the advice and consent of the senate. Each member of the board shall enter upon his or her duties after appointment and shall qualify by taking and filing the constitutional oath of office. A member of the board shall hold office until the appointment and qualification of a successor. A person holding an elective or appointive office with the state shall not be appointed to the board.
(4) After designation and qualification of the members of the board, the board shall organize. The business which the board of trustees may perform shall be conducted at a public meeting of the board of trustees held in compliance with Act No. 267 of the Public Acts of 1976, being sections 15.261 to 15.275 of the Michigan Compiled Laws. Public notice of the time, date, and place of the meeting shall be given in the manner required by Act No. 267 of the Public Acts of 1976. A quorum for the transaction of business shall consist of 3 of the members of the board. An action of the board requires a concurring vote by a majority of the board.
History: 1964, Act 183, Imd. Eff. May 19, 1964 ;-- Am. 1976, Act 240, Eff. Mar. 31, 1977 ;-- Am. 1978, Act 199, Imd. Eff. June 4, 1978 Compiler's Notes: For transfer of state building authority from department of technology, management, and budget to department of treasury, see E.R.O. No. 2013-3, compiled at MCL 125.1393.
Structure Michigan Compiled Laws
Chapter 830 - State Building Programs
Act 183 of 1964 - State Building Authority (830.411 - 830.425)
Section 830.411 - Definitions.
Section 830.411a - Legislative Findings.
Section 830.413 - Powers of Building Authority Generally.
Section 830.414 - Acquisition of Property; Condemnation.
Section 830.416 - Lease of Facilities to State; Term; Provisions.
Section 830.418 - Revenue Obligations Generally.
Section 830.418a - Reserve Fund; Creation; Purpose; Use of Income and Interest.
Section 830.419 - Obligations; Statutory First Lien; Enforcement.
Section 830.419a - Moneys of Building Authority; Contract With Bondholders; Security for Deposits.
Section 830.420 - Indebtedness of State.
Section 830.421 - Exemption From Taxation.
Section 830.421a - Liability on Notes or Bonds.
Section 830.422 - Investment in Bonds.
Section 830.423 - Declaration of Public Purpose; Liberal Construction.
Section 830.424 - Act Supplemental and Additional to Existing Powers.