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Michigan Compiled Laws — PUBLIC TRANSPORTATION AUTHORITY ACT (Act 196 of 1986)

Michigan · statute · 196 of 1986, Mich. Comp. Laws · 29 active provisions

29 active provisions.

Mich. Comp. Laws § 124.455

Articles of incorporation; endorsement as evidence of adoption; publication; filing; operative public authority; effective date of articles; validity of incorporation conclusively presumed; exception.

(1) The adoption of articles of incorporation under this act shall be evidenced by an endorsement on the articles of incorporation by the clerk of each respective political subdivision or by the recording officer of the incorporating authority under section 3 in a form substantially as follows: The foregoing articles o…

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Mich. Comp. Laws § 124.457

Membership after formation of public authority; resolution; approval, execution, filing, and publication of amendment to articles.

A political subdivision or a portion of a city, village, or township bounded by lines described in section 4 may become a member of a public authority after the public authority's formation under this act upon resolution adopted by a majority vote of the members elected to and serving on the legislative body of the pol…

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Mich. Comp. Laws § 124.458

Conditions to release from membership in public authority; taxes; transportation services; evidence of release; withdrawal from public authority; violation of MCL 168.1 to 168.992 applicable to petitions; penalties; notice; applicability to certain political subdivisions.

(1) Subject to subsection (8), and except as otherwise provided in this section, a political subdivision that is a member of a public authority or a portion of a city, village, or township, if that portion is a member of a public authority, may be released from membership in the public authority if all of the following…

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Mich. Comp. Laws § 124.461

Assumption, transfer, assignment, or conveyance of tax revenues, property, rights, duties, and obligations.

(1) All tax revenue, or real or personal property or property rights, money, authorizations to levy a tax, and all other rights, duties, and obligations of an existing authority that forms a public authority in accordance with section 3 shall be assumed by and transferred to the public authority created under this act…

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Mich. Comp. Laws § 124.462

Powers of public authority generally; public authority as public benefit agency and instrumentality of state.

A public authority created under this act may plan, promote, finance, acquire, improve, enlarge, extend, own, construct, operate, maintain, replace, and contract for public transportation service by means of 1 or more public transportation systems and public transportation facilities. A public authority is a public ben…

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Mich. Comp. Laws § 124.465

Collective bargaining agreements; employees entering military service.

(1) A public authority formed under this act shall have the right to bargain collectively and enter into agreements with labor organizations pursuant to Act No. 336 of the Public Acts of 1947, being sections 423.201 to 423.216 of the Michigan Compiled Laws. Upon acquisition or reincorporation of a public transportation…

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Mich. Comp. Laws § 124.470

Contract with public authority to make payments, appropriations, or contributions; pledge of full faith and credit; tax levy; execution of contract.

(1) Any member of the public authority or a political subdivision may contract with the public authority to make payments, appropriations, or contributions to the public authority of the proceeds of taxes, special assessments, or charges imposed and collected by the political subdivision or out of any other funds legal…

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Mich. Comp. Laws § 124.473

Notes and bonds; additional provisions; tax exemption; advancing money or delivering property to carry out powers and duties; repayment or payment.

(1) A public authority may borrow money and issue notes and bonds to acquire, construct, or purchase public transportation facilities and to otherwise finance and carry out its powers and duties. The notes and bonds may pledge, be payable from, and may be issued in anticipation of payment of the proceeds of any of the…

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Mich. Comp. Laws § 124.475

Revenues pledged for payment of debt service on bonds or notes subject to statutory lien; substitution of other security.

The revenues pledged for payment of debt service on bonds or notes shall be and remain subject to a statutory lien until the payment in full of the principal of and interest on the bonds or notes unless the resolution authorizing the bonds or notes provides for earlier discharge of the lien by substitution of other sec…

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