Repealed – Act 242 of 1976 – Preliminary Studies and Planning of Proposed Building Projects (830.501 – 830.505)
PRELIMINARY STUDIES AND PLANNING OF PROPOSED BUILDING PROJECTSAct 242 of 1976830.501-830.505 Repealed. 1984, Act 431, Eff. Mar. 29, 1985.
Section 830.421 – Exemption From Taxation.
830.421 Exemption from taxation. Sec. 11. Property owned and acquired by the building authority in accordance with this act shall be exempt from taxes levied by the state or its political subdivisions and taxing districts. The building authority shall not be required to pay taxes or assessments upon its activities or upon its income or […]
Section 830.421a – Liability on Notes or Bonds.
830.421a Liability on notes or bonds. Sec. 11a. The members of the authority and persons executing notes or bonds shall not be liable personally on the notes or bonds, or be subject to personal liability or accountability by reason of the issuance thereof. History: Add. 1976, Act 240, Eff. Mar. 31, 1977 Compiler’s Notes: For […]
Section 830.422 – Investment in Bonds.
830.422 Investment in bonds. Sec. 12. Bonds issued by the building authority under this act are securities in which banks, bankers, savings banks, trust companies, savings and loan associations, investment companies, and other persons carrying on a banking business, insurance companies, insurance associations, and other persons carrying on an insurance business, and administrators, executors, guardians, […]
Section 830.423 – Declaration of Public Purpose; Liberal Construction.
830.423 Declaration of public purpose; liberal construction. Sec. 13. It is hereby found, determined, and declared that the creation of the building authority and the carrying out of its corporate purposes are in all respects for the benefit of the people of the state and constitute a public purpose and that the facilities to be […]
Section 830.424 – Act Supplemental and Additional to Existing Powers.
830.424 Act supplemental and additional to existing powers. Sec. 14. This act shall be deemed to provide an additional or alternative method for accomplishing the purposes authorized hereby. This act shall be regarded as supplemental and additional to powers conferred by other laws and shall not be regarded as in derogation of any powers presently […]
Section 830.425 – Advisory Opinion as to Constitutionality.
830.425 Advisory opinion as to constitutionality. Sec. 15. Pursuant to section 8 of article 3 of the state constitution of 1963, it is the intent of the legislature to request by concurrent resolution the opinion of the supreme court as to the constitutionality of this 1976 amendatory act as amended. Notwithstanding section 5 of chapter […]
Section 830.415 – Conveyance to Building Authority of Property Owned by State or Institution of Higher Education.
830.415 Conveyance to building authority of property owned by state or institution of higher education. Sec. 5. (1) Property owned by the state may be conveyed to the building authority for any purpose expressed in this act, subject, however, to prior approval by the state administrative board, by the attorney general, and as provided in […]
Section 830.416 – Lease of Facilities to State; Term; Provisions.
830.416 Lease of facilities to state; term; provisions. Sec. 6. The building authority may lease existing facilities or facilities defined by this act for the purposes specified in this act, to the state, or any of its agencies acting on its behalf. A lease authorized by this act shall be for a period not exceeding […]
Section 830.417 – Lease of Facilities From Authority; Approval; Payment of True Rental; Leasing of Furnishings or Equipment; Lease for Capital Maintenance Improvements.
830.417 Lease of facilities from authority; approval; payment of true rental; leasing of furnishings or equipment; lease for capital maintenance improvements. Sec. 7. (1) The state may lease facilities from the building authority for public purposes within the concepts provided in this act, upon terms and conditions agreed upon and subject to the limitations and […]