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Michigan Compiled Laws — MASS TRANSPORTATION SYSTEM AUTHORITIES (Act 55 of 1963)

Michigan · statute · 55 of 1963, Mich. Comp. Laws · 12 active provisions

12 active provisions.

Provisions

Mich. Comp. Laws § 124.352

Incorporation of public authority; purpose; operation of system; articles of incorporation; adoption; indorsement; publication; filing; operative date; presumption of validity; cessation of operation or dissolution of authority; state guaranteed payment of claims for benefits; lien of state.

(1) The legislative body of any city having a population of not more than 300,000 may incorporate a public authority for the purpose of acquiring, owning, operating, or causing to be operated, a mass transportation system. The authority shall be authorized to operate the mass transportation system within the boundaries…

MichiganMASS TRANSPORTATION SYSTEM AUTHORITIESeffective
Mich. Comp. Laws § 124.352a

Release of political subdivision from membership in authority; conditions; levy and payment of tax; evidence of release.

(1) A political subdivision that is a member of an authority may be released from membership in the authority if all of the following conditions are met: (a) Adoption of a resolution by a majority of the members elected to and serving on the legislative body of the political subdivision requesting release from membersh…

MichiganMASS TRANSPORTATION SYSTEM AUTHORITIESeffective
Mich. Comp. Laws § 124.357

Self-liquidating revenue bonds; issuance; source of payment; property tax; limitation; election; resolution; submitting proposition to electors; conduct; canvass; costs; tax rate; levy and collection.

(1) For the purpose of acquiring, improving, enlarging, or extending a mass transportation system, the authority may issue self-liquidating revenue bonds under the revenue bond act of 1933, 1933 PA 94, MCL 141.101 to 141.140, or any other act providing for the issuance of self-liquidating revenue bonds. The bonds shall…

MichiganMASS TRANSPORTATION SYSTEM AUTHORITIESeffective
Mich. Comp. Laws § 124.358

Property owned by authority; exemption from taxes or special assessments for municipal services.

The real and personal property, owned by an authority and located within the service area, shall be exempt from all taxes levied by the state and by a political subdivision, except special assessments for municipal services if the property is located outside the corporate boundaries of the political subdivision by whic…

MichiganMASS TRANSPORTATION SYSTEM AUTHORITIESeffective