Section 120.128 – Annual Report; Audit.
120.128 Annual report; audit. Sec. 28. An authority shall make an annual report of its activities within 3 months after the close of its fiscal year to the governor and to the governing body of each constituent unit. The report shall include a complete operating and financial statement covering its operations during the year. The […]
Section 120.129 – Liberal Construction; Powers Cumulative.
120.129 Liberal construction; powers cumulative. Sec. 29. This act, being necessary for the welfare of the state and its inhabitants shall be liberally construed to effect its purposes. Powers granted in this act shall be cumulative and not exclusive of one another and may be exercised notwithstanding that bonds, notes, or other evidences of indebtedness […]
Section 120.130 – Repeal of MCL 120.1 to 120.35; Effective Date of Subsection (1).
120.130 Repeal of MCL 120.1 to 120.35; effective date of subsection (1). Sec. 30. (1) Act No. 234 of the Public Acts of 1925, as amended, being sections 120.1 to 120.35 of the Compiled Laws of 1970, is repealed. (2) Subsection (1) shall not take effect until the constituent bodies of each port authority created […]
Section 120.151 – Short Title.
120.151 Short title. Sec. 1. This act may be cited as the “maritime and port facility assistance grant program act”. History: 2022, Act 159, Imd. Eff. July 19, 2022
Section 120.153 – Definitions.
120.153 Definitions. Sec. 3. As used in this act: (a) “Fund” means the maritime and port facility assistance fund created in section 7. (b) “Grant program” means the maritime and port facility assistance grant program created in section 5. (c) “Green marine certification” means a certification issued or awarded by a nationally recognized maritime organization […]
Section 120.155 – Maritime and Port Facility Assistance Grant Program; Application and Certification Requirements.
120.155 Maritime and port facility assistance grant program; application and certification requirements. Sec. 5. (1) The maritime and port facility assistance grant program is created. Subject to subsections (2) to (4), the office shall administer the grant program and may award grants to owners of port facilities that submit a grant application on a form […]
Section 120.157 – Maritime and Port Facility Assistance Fund.
120.157 Maritime and port facility assistance fund. Sec. 7. (1) The maritime and port facility assistance fund is created in the state treasury. (2) The state treasurer shall deposit money and other assets received from any source into the fund. The state treasurer shall direct the investment of money in the fund and credit interest […]
Section 120.123 – Plan for Future Development, Construction, and Improvement of Port and Facilities; Notice; Comments; Hearing; Adoption; Modification, Amendment, or Extension; Plans for Specific Projects.
120.123 Plan for future development, construction, and improvement of port and facilities; notice; comments; hearing; adoption; modification, amendment, or extension; plans for specific projects. Sec. 23. (1) An authority created on or after May 1, 1984 shall within 2 years after its creation prepare or cause to be prepared a plan for the future development, […]
Section 120.124 – Operating Budget.
120.124 Operating budget. Sec. 24. (1) The authority shall submit in writing a detailed estimate of the budget required for the business and conduct of an authority’s affairs, initially, for a 2-year period, and annually thereafter to the governing bodies of its constituent units, the department of commerce, and the department of state highways and […]
Section 120.125 – Surplus of Unencumbered Funds; Disposition.
120.125 Surplus of unencumbered funds; disposition. Sec. 25. If at the end of a fiscal year a surplus of unencumbered funds remains after providing for the operating expenses of an authority, the authority may pay that surplus into the general funds of the state and of its constituent units in the same proportion which the […]