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(1) Act No. 234 of the Public Acts of 1925, as amended, being sections 120.1 to 120.35 of the Compiled Laws of 1970, is repealed.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 120.123 – 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 […]
Section 120.126 – Entry on Lands, Waters, and Premises; Purpose; Reimbursement for Actual Damages.
120.126 Entry on lands, waters, and premises; purpose; reimbursement for actual damages. Sec. 26. For the purpose of making surveys, soundings, drillings, examinations, and investigations as it considers necessary or convenient for the purposes of this act, an authority and its authorized agents and employees may enter upon the lands, waters, and premises in the […]
Section 120.127 – Employees of Port Authority; Transfer and Payment of Sick Leave and Annual Leave; Salary Rate; Job Seniority and Pension Rights.
120.127 Employees of port authority; transfer and payment of sick leave and annual leave; salary rate; job seniority and pension rights. Sec. 27. (1) The employees of an authority, existing on the effective date of this act, of a city or county which creates or participates in an authority created under this act shall become […]
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 120.114a – Violation of MCL 168.1 to 168.992 Applicable to Petitions; Penalties.
120.114a Violation of MCL 168.1 to 168.992 applicable to petitions; penalties. Sec. 14a. A petition under section 14, including the circulation and signing of the petition, is subject to section 488 of the Michigan election law, 1954 PA 116, MCL 168.488. A person who violates a provision of the Michigan election law, 1954 PA 116, […]
Section 120.115 – Revenue Bonds; Form; Date; Denomination; Place of Payment; Redemption; Validity of Signature or Facsimile; Issuance in Coupon or Registered Form; Registration, Reconversion, and Interchange of Bonds.
120.115 Revenue bonds; form; date; denomination; place of payment; redemption; validity of signature or facsimile; issuance in coupon or registered form; registration, reconversion, and interchange of bonds. Sec. 15. An authority shall determine the form of the bonds of each series issued pursuant to section 14, including any interest coupons to be attached thereto, the […]