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Michigan Compiled Laws Complete Through PA 341 of 2018
House: Adjourned until Wednesday, October 17, 2018 1:30:00 PM
Senate: Adjourned until Wednesday, October 17, 2018 10:00:00 AM

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Act 55 of 1963
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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 ;-- Am. 1980, Act 397, Imd. Eff. Jan. 8, 1981 ;-- Am. 1980, Act 410, Imd. Eff. Jan. 9, 1981

© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

Section 124.351SectionDefinitions.
Section 124.352SectionIncorporation 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 124.352aSectionRelease of political subdivision from membership in authority; conditions; levy and payment of tax; evidence of release.
Section 124.353SectionArticles of incorporation; contents.
Section 124.354SectionAuthority as body corporate; powers.
Section 124.354aSectionEligibility of public authority to apply for and receive funds under MCL 247.660e.
Section 124.355SectionAuthority as body corporate; property; condemnation.
Section 124.356SectionFares; contracts.
Section 124.357SectionSelf-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 124.357aSectionAuthority; tax limitations.
Section 124.358SectionProperty owned by authority; exemption from taxes or special assessments for municipal services.
Section 124.359SectionAdditional powers.
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