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Home » US Law » 2022 Michigan Compiled Laws » Chapter 123 - Local Government » Act 296 of 2010 - Art Institute Authorities Act (123.1201 - 123.1229)

Section 123.1201 – Short Title.

123.1201 Short title. Sec. 1. This act shall be known and may be cited as the “art institute authorities act”. History: 2010, Act 296, Imd. Eff. Dec. 16, 2010

Section 123.1203 – Definitions.

123.1203 Definitions. Sec. 3. As used in this act: (a) “Art institute” means an encyclopedic art museum whose primary art collection and facility, at the date an authority is established, are owned by a municipality located in this state. (b) “Art institute services” means the operation or support of an art institute. (c) “Art institute […]

Section 123.1207 – Articles of Incorporation; Contents; Adoption; Amendment; Publication; Filing; Effectiveness.

123.1207 Articles of incorporation; contents; adoption; amendment; publication; filing; effectiveness. Sec. 7. (1) To initiate the establishment of an authority, articles of incorporation shall be prepared by a majority of the members of the county board of commissioners of the county establishing the authority. The articles of incorporation shall include all of the following: (a) […]

Section 123.1209 – Board; Vacancy; Removal of Member; Quorum; Official Action; Compensation; Expenses; Business Conducted at Public Meeting; Writings; Election of Officers; Bylaws.

123.1209 Board; vacancy; removal of member; quorum; official action; compensation; expenses; business conducted at public meeting; writings; election of officers; bylaws. Sec. 9. (1) A vacancy occurs on the board on the happening of any of the events set forth in section 3 of 1846 RS 15, MCL 201.3. Members of the board may be […]

Section 123.1211 – Powers of Authority.

123.1211 Powers of authority. Sec. 11. An authority may do 1 or more of the following: (a) Provide funding to an art institute services provider to support the provision of art institute services. (b) Levy a tax as provided in section 17. (c) Enter into contracts incidental or necessary for the accomplishment of this act. […]

Section 123.1215 – Approval of Tax; Preferences or Benefits for Residents.

123.1215 Approval of tax; preferences or benefits for residents. Sec. 15. If a majority of electors in the county voting on the question of a tax as provided in section 17 approve the tax, the contract as provided in section 13 shall require the art institute services provider to offer or to exercise its best […]

Section 123.1219 – Election; Ballots; Conduct.

123.1219 Election; ballots; conduct. Sec. 19. (1) The county election commission of the county shall provide ballots for an election for a tax under section 17. (2) An election for a tax shall be conducted by the city and township clerks and election officials of the municipalities located within the county. History: 2010, Act 296, […]

Section 123.1223 – Levy and Collection of Tax.

123.1223 Levy and collection of tax. Sec. 23. A tax authorized to be levied by an authority under this act shall be levied and collected at the same time and in the same manner as provided by the general property tax act, 1893 PA 206, MCL 211.1 to 211.155. History: 2010, Act 296, Imd. Eff. […]

Section 123.1225 – Transfer of Funds to Art Institute Services Provider.

123.1225 Transfer of funds to art institute services provider. Sec. 25. Within 10 business days of the receipt of the funds from the local property tax collecting unit for the tax levied under this act, the authority shall transfer the funds, less the amount necessary to fund the payment of obligations incurred by the authority […]

Section 123.1229 – Audit; Financial Plan; Investment or Deposit of Funds.

123.1229 Audit; financial plan; investment or deposit of funds. Sec. 29. (1) A board shall obtain an annual audit of the authority, and report on the audit and auditing procedures, in the manner provided by sections 6 to 13 of the uniform budgeting and accounting act, 1968 PA 2, MCL 141.426 to 141.433. The audit […]