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Michigan Compiled Laws — MICHIGAN ENERGY EMPLOYMENT ACT OF 1976 (Act 448 of 1976)

Michigan · statute · 448 of 1976, Mich. Comp. Laws · 41 active provisions

41 active provisions.

Mich. Comp. Laws § 460.807

Sources of electrical energy for distribution and sale; facilities for control, abatement, or prevention of pollution or damages to environment; facilities for safe disposal of waste or by-products.

The governing body of a municipal electric utility system may purchase, acquire, construct, improve, enlarge, extend, or repair in the name of the municipality a source or sources of electrical energy for distribution and sale by the municipal electric utility system, whether the source is located within or without the…

MichiganMICHIGAN ENERGY EMPLOYMENT ACT OF 1976effective
Mich. Comp. Laws § 460.808

Fuel sources and reserves; facilities for transportation and storage.

The governing body of a municipal electric utility system may purchase, acquire, construct, improve, enlarge, extend, or repair in the name of the municipality fuel sources and reserves it deems necessary to the continued efficient operation of the municipal electric utility system, together with the necessary faciliti…

MichiganMICHIGAN ENERGY EMPLOYMENT ACT OF 1976effective
Mich. Comp. Laws § 460.811

Joint venture, joint agency agreement, or other joint endeavor; percentage of common facility to be owned; exception; defraying interest and other payments; operation and maintenance expenses.

A municipality engaging in a joint venture, joint agency agreement, or other joint endeavor described in section 10 and authorized by article 2 or article 3 shall own a percentage of any common facility equal to the percentage of the money furnished or the value of the property supplied by the municipality for the acqu…

MichiganMICHIGAN ENERGY EMPLOYMENT ACT OF 1976effective
Mich. Comp. Laws § 460.821

Joint venture agreement; undivided interest in project; determination of future power requirements.

(1) A governmental unit may join in a joint venture agreement to plan, finance, develop, construct, reconstruct, acquire, improve, enlarge, better, own, operate, or maintain an undivided interest in a project situated within or without the state with 1 or more municipalities, joint agencies, or power utilities; and mak…

MichiganMICHIGAN ENERGY EMPLOYMENT ACT OF 1976effective
Mich. Comp. Laws § 460.822

Joint venture agreement; proportion of undivided interest in project to be owned; percentage share of output and capacity; liability; restrictions as to money, property, or undivided share; acquisition of project; sources of money; providing property, services, and other considerations.

Pursuant to a joint venture agreement, each governmental unit shall own an undivided interest in a project or projects in proportion to the amount of money furnished or the value of property or other consideration supplied by the governmental unit for the planning, development, acquisition, or construction of the proje…

MichiganMICHIGAN ENERGY EMPLOYMENT ACT OF 1976effective
Mich. Comp. Laws § 460.823

Joint venture agreement; terms, conditions, and provisions; ratification of contracts by resolution; provisions of contract.

A joint venture agreement entered into by governmental units with respect to joint ownership in a project shall contain those terms, conditions, and provisions, not inconsistent with this act, as the governing bodies of the governmental units determine to be in the interest of the governmental units. The contracts shal…

MichiganMICHIGAN ENERGY EMPLOYMENT ACT OF 1976effective
Mich. Comp. Laws § 460.824

Sale or exchange of capacity or output; licenses, permits, certificates, or approvals; contracts for electric power and energy; authority, rights, privileges, and immunities of personnel; annual report; operating and financial statement; audit.

(1) Capacity or output derived by a governmental unit from its ownership share of a project not then required by the governmental unit for its own use and for the use of its customers may be sold or exchanged by the governmental unit for a consideration and for a period and upon other terms and conditions as may be det…

MichiganMICHIGAN ENERGY EMPLOYMENT ACT OF 1976effective
Mich. Comp. Laws § 460.831

Joint agency; formation; creation; purpose; determination of best interest.

A joint agency is formed when the governing bodies of 2 or more municipalities by resolution determine that it is in the best interest of the municipalities in accomplishing the purposes of this act to create a joint agency for the purpose of undertaking the planning, financing, development, acquisition, construction,…

MichiganMICHIGAN ENERGY EMPLOYMENT ACT OF 1976effective
Mich. Comp. Laws § 460.833

Board of commissioners; officers; record of proceedings; custody of records, documents, minutes, and seal; copies; certificate.

The board of commissioners of a joint agency shall annually elect 1 of the commissioners as chairperson, another as vice-chairperson, and another person or persons, who may or may not be a commissioner, as treasurer, secretary, and if desired, assistant secretary. The office of treasurer may be held by the secretary or…

MichiganMICHIGAN ENERGY EMPLOYMENT ACT OF 1976effective
Mich. Comp. Laws § 460.834

Joint agency as public body politic and corporate; essential public function; articles of incorporation; amendments.

(1) A joint agency formed for the purposes provided in this article is a public body politic and corporate and the powers conferred by this act are considered to be the performance of an essential public function. (2) Any combination of 2 or more municipalities described in section 31 may incorporate a joint agency by…

MichiganMICHIGAN ENERGY EMPLOYMENT ACT OF 1976effective