Section 830.415 - Conveyance to building authority of property owned by state. - Michigan Statutes

STATE BUILDING AUTHORITY (EXCERPT)
Act 183 of 1964

830.415 Conveyance to building authority of property owned by state.

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 by concurrent resolution of the legislature concurred in by a majority of the members elected to and serving in each house. The votes and names of the members voting on the resolution shall be entered in the journal. 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 by concurrent resolution of the legislature concurred in by a majority of the members elected to and serving in each house. The votes and names of the members voting on the resolution shall be entered in the journal. 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