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MICHIGAN STATUTES AND CODES
Act 227 of 1985 - SHARED CREDIT RATING ACT (141.1051 - 141.1078)
- Section 141.1051 - Legislative findings and declarations.
- Section 141.1052 - Short title.
- Section 141.1053 - Definitions.
- Section 141.1054 - Michigan municipal bond authority; created; powers; funds.
- Section 141.1055 - Board of trustees; appointment, qualifications, and terms of members; duties; oath; vacancy; organization; rules of procedure; conducting business at public meetings; notice; quorum
- Section 141.1056 - Chairperson; employment, qualifications, duties, and compensation of personnel; delegation of powers and duties; exercise of powers, duties, and functions; budgeting, procurement, a
- Section 141.1057 - Powers of board generally.
- Section 141.1058 - Purchase of municipal obligations by authority; bonds or notes of authority; expenses; preferential treatment in rate of interest; forgiving or relinquishing interest or principal o
- Section 141.1059 - Bonds or notes of authority; purposes; payment; security; authorization; requirements; validity of signature; sale; revised municipal finance act inapplicable; issuance of bonds sub
- Section 141.1060 - Retirement, funding, or refunding of notes.
- Section 141.1061 - Bonds or notes to refund bonds or notes.
- Section 141.1062 - Security transactions; authorization and approval.
- Section 141.1063 - Authority of member or executive director as to notes, bonds, and investments.
- Section 141.1064 - Powers constituting covenants by authority and contracts with holders of bond or note.
- Section 141.1065 - Pledge of revenues or other money; lien of pledge; payment assigned or pledged to authority to be held in trust for payment of principal and interest; payment subject to lien; natur
- Section 141.1065a - Repealed. 1990, Act 281, Imd. Eff. Dec. 13, 1990.
- Section 141.1066 - Reserve funds.
- Section 141.1066a - State water pollution control revolving fund; establishment; compliance; funding; assistance to governmental unit; loan agreement; determination of eligible projects; maximum amoun
- Section 141.1066b - State drinking water revolving fund.
- Section 141.1066c - School loan revolving fund.
- Section 141.1066d - Grant agreements entered under MCL 324.5204a.
- Section 141.1067 - Default or noncompliance by authority.
- Section 141.1068 - Liability on bonds or notes.
- Section 141.1069 - Purchasing, holding, canceling, or reselling bonds or notes of authority.
- Section 141.1070 - State pledge to and agreement with holders of bonds or notes.
- Section 141.1071 - Investment of sinking fund, money, or other fund by banking business, insurance business, or fiduciary in bonds or notes; bonds or notes as security for public deposits.
- Section 141.1072 - Property and income of authority; public property; public purpose; exemptions from taxes and special assessments.
- Section 141.1073 - Municipal obligations generally.
- Section 141.1074 - Agreement by governmental unit upon sale or issuance of municipal obligations; additional powers of authority.
- Section 141.1075 - Construction of act.
- Section 141.1076 - Severability.
- Section 141.1077 - Repealed. 2000, Act 416, Imd. Eff. Jan. 8, 2001.
- Section 141.1078 - Repealed. 1996, Act 241, Imd. Eff. June 10, 1996.
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