Mich. Comp. Laws § 207.821
Short title.
This act shall be known and may be cited as the "Michigan next energy authority act".
Michigan Compiled Laws — MICHIGAN NEXT ENERGY AUTHORITY ACT (Act 593 of 2002)
Michigan · statute · 593 of 2002, Mich. Comp. Laws · 7 active provisions
Mich. Comp. Laws § 207.822
Definitions.
As used in this act: (a) "Advanced battery cell" means a rechargeable battery cell with a specific energy of not less than 80 watt hours per kilogram. (b) "Alternative energy marine propulsion system" means an onboard propulsion system or detachable outboard propulsion system for a watercraft that is powered by an alte…
Mich. Comp. Laws § 207.823
Michigan next energy authority; creation; powers and duties; contract; records and accounts.
(1) There is created by this act a public body corporate and politic known as the Michigan next energy authority. The authority shall be located within the department. (2) The authority shall exercise its prescribed statutory powers, duties, and functions independently of the director of the department. The budgeting,…
Mich. Comp. Laws § 207.824
Powers and duties of board.
(1) An authority created under this act is governed by a board consisting of the members of the authority under the Michigan economic growth authority act, 1995 PA 24, MCL 207.801 to 207.810. (2) The board shall organize and adopt its own policies, procedures, schedule of regular meetings, and a regular meeting date, p…
Mich. Comp. Laws § 207.825
Powers and duties of authority.
(1) Except as otherwise provided in this act, the authority may do all things necessary to implement the purposes of this act, including, but not limited to, all of the following: (a) Adopt, amend, and repeal bylaws for the regulation of its affairs and the conduct of its business. (b) Adopt an official seal and alter…
Mich. Comp. Laws § 207.826
Tax exemption.
The authority created under this act shall be exempt from and shall not be required to pay taxes on property, both real and personal, belonging to the authority, which is used for a public purpose. Property of the authority is public property devoted to an essential public and governmental function and purpose.
Mich. Comp. Laws § 207.827
Construction of act.
This act shall be construed liberally to effectuate the legislative intent and its purposes. All powers granted shall be cumulative and not exclusive and shall be broadly interpreted to effectuate the intent and purposes and not as a limitation of powers.