Michigan Compiled Laws
Act 183 of 1964 - State Building Authority (830.411 - 830.425)
Section 830.415 - Conveyance to Building Authority of Property Owned by State or Institution of Higher Education.

Sec. 5.
(1) Property owned by the state may be conveyed to the building authority for any purpose expressed in this act, subject, however, to prior approval by the state administrative board, by the attorney general, and as provided in an appropriations act. After approval as provided in this subsection, a conveyance shall be executed for and on behalf of the state by the governor and secretary of state, or in the event of the absence or disability of either of them, by the lieutenant governor or deputy secretary of state.
(2) In addition to other authority granted by law, property owned by an institution of higher education may be conveyed to the building authority for any purpose expressed in this act, subject, however, to approval by the governing body of the institution of higher education, by the state administrative board, and as provided in an appropriations act. After approval as provided in this subsection, a conveyance shall be executed for and on behalf of the institution of higher education by authorized officers of the institution of higher education. In addition to other authority granted by law, an institution of higher education may enter into a lease with the building authority under section 6 for the period provided in that section.
History: 1964, Act 183, Imd. Eff. May 19, 1964 ;-- Am. 1976, Act 240, Eff. Mar. 31, 1977 ;-- Am. 1993, Act 35, Imd. Eff. May 11, 1993 ;-- Am. 1994, Act 252, Imd. Eff. July 5, 1994 ;-- Am. 2012, Act 519, Imd. Eff. Dec. 28, 2012 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

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 830.412 - State Building Authority; Creation; Body Corporate; Powers; Handling of Funds; Board of Trustees; Appointment and Terms of Members; Vacancy; Oath; Organization; Conducting Business at Public Meeting; Notice; Quorum; Action of Board.

Section 830.413 - Powers of Building Authority Generally.

Section 830.414 - Acquisition of Property; Condemnation.

Section 830.415 - Conveyance to Building Authority of Property Owned by State or Institution of Higher Education.

Section 830.416 - Lease of Facilities to State; Term; Provisions.

Section 830.417 - Lease of Facilities From Authority; Approval; Payment of True Rental; Leasing of Furnishings or Equipment; Lease for Capital Maintenance Improvements.

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.

Section 830.425 - Advisory Opinion as to Constitutionality.