MCL - Act 55 of 1963
AN ACT to provide for the incorporation of public authorities to acquire, own, and operate or cause to be operated mass transportation systems; to require the state to guarantee payment of certain claims against certain transportation authorities and to give the state a lien in satisfaction of payment; to prescribe the rights, powers, and duties of those public authorities; to provide for the issuance of bonds; to provide for the levy and collection of certain taxes; and to authorize contracts between those authorities and either public or private corporations to carry out the operation of those mass transportation systems.
History: 1963, Act 55, Imd. Eff. Apr. 29, 1963
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Am. 1980, Act 397, Imd. Eff. Jan. 8, 1981
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Am. 1980, Act 410, Imd. Eff. Jan. 9, 1981
| Document | Type | Description |
|---|---|---|
| Section 124.351 | Section | Definitions. |
| Section 124.352 | Section | 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. |
| Section 124.352a | Section | Release of political subdivision from membership in authority; conditions; levy and payment of tax; evidence of release. |
| Section 124.353 | Section | Articles of incorporation; contents. |
| Section 124.354 | Section | Authority as body corporate; powers. |
| Section 124.354a | Section | Eligibility of public authority to apply for and receive funds under MCL 247.660e. |
| Section 124.355 | Section | Authority as body corporate; property; condemnation. |
| Section 124.356 | Section | Fares; contracts. |
| Section 124.357 | Section | 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. |
| Section 124.357a | Section | Authority; tax limitations. |
| Section 124.358 | Section | Property owned by authority; exemption from taxes or special assessments for municipal services. |
| Section 124.359 | Section | Additional powers. |