Section 12.291 – Appropriation.
12.291 Appropriation. Sec. 21. (1) Notwithstanding any existing provision of law and in addition to any other appropriations provided by law, $1,000,000.00 is appropriated from the general fund to the authority for the fiscal year ending September 30, 2012 for all of the following purposes: (a) Payment of operating expenses of the authority. (b) Funding […]
Section 12.292 – Legal Claims; Jurisdiction.
12.292 Legal claims; jurisdiction. Sec. 22. Except as otherwise provided in this section, any legal action against the authority shall be brought in the Michigan court of appeals, which has exclusive jurisdiction. However, any legal actions against the authority seeking money damages shall be brought in the court of claims for this state, which has […]
Section 12.293 – Creation, Perfection, Priority, and Enforcement of Pledge of Revenue or Other Security; Negotiability of Bonds.
12.293 Creation, perfection, priority, and enforcement of pledge of revenue or other security; negotiability of bonds. Sec. 23. (1) This act governs the creation, perfection, priority, and enforcement of any pledge of revenues or other security made by the authority under this act. Each pledge of the authority is valid and binding as of the […]
Section 12.254 – Strategic Outreach and Attraction Reserve Fund.
12.254 Strategic outreach and attraction reserve fund. Sec. 4. (1) The strategic outreach and attraction reserve fund is created in the department of labor and economic opportunity. (2) The state treasurer shall deposit money and other assets received from state appropriations or from any other source in the strategic outreach and attraction reserve fund. The […]
Section 12.278 – Ancillary Facility; Enter Into, Amend, or Terminate; Purposes.
12.278 Ancillary facility; enter into, amend, or terminate; purposes. Sec. 8. (1) The authority may enter into, amend, or terminate, as it determines necessary or appropriate, any ancillary facility for any of the following purposes: (a) To facilitate the issue, sale, resale, purchase, repurchase, or payment of bonds, or the making or performance of swap […]
Section 12.255 – Michigan Medicaid Benefits Trust Fund.
12.255 Michigan medicaid benefits trust fund. Sec. 5. (1) The Michigan medicaid benefits trust fund is established in the department of treasury. The medicaid benefits trust fund shall consist only of the following: (a) Interest and earnings from medicaid benefits trust fund investments. (b) Donations of money made to the medicaid benefits trust fund from […]
Section 12.279 – Bond or Ancillary Facility Issued Pursuant to Act; Evidence of Validity.
12.279 Bond or ancillary facility issued pursuant to act; evidence of validity. Sec. 9. A recital in a bond or ancillary facility stating that it is issued pursuant to this act is conclusive evidence of the validity of the bond or ancillary facility and the regularity of the proceedings relating to the bond or ancillary […]
Section 12.256 – Expenditure of Medicaid Benefits Trust Fund Revenues.
12.256 Expenditure of medicaid benefits trust fund revenues. Sec. 6. The legislature shall authorize the expenditure of medicaid benefits trust fund revenues through an appropriation act only for 1 or more of the following purposes: (a) To finance a shortfall in the medicaid program due to a disallowance of medicaid payments from the federal government. […]
Section 12.280 – Personal Liability of Board Member or Officer, Appointee, or Employee of Authority; Indemnification; Conflict of Interest.
12.280 Personal liability of board member or officer, appointee, or employee of authority; indemnification; conflict of interest. Sec. 10. (1) A member of the board or an officer, appointee, or employee of the authority is not subject to personal liability when acting in good faith within the scope of his or her authority under this […]
Section 12.257 – 21st Century Jobs Trust Fund; Establishment; Investment; Money Remaining at Close of Fiscal Year; Deposit of Interest and Earnings; Michigan Tobacco Settlement Revenue; Deposit.
12.257 21st century jobs trust fund; establishment; investment; money remaining at close of fiscal year; deposit of interest and earnings; Michigan tobacco settlement revenue; deposit. Sec. 7. (1) The 21st century jobs trust fund is established in the department of treasury. The 21st century jobs trust fund consists of donations of money made to the […]