Section 124.421 – Liberal Construction of Act.
124.421 Liberal construction of act. Sec. 21. This act, being necessary for the public peace, health, safety and welfare, shall be liberally construed to effect the purposes hereof which are declared to be public purposes. History: 1967, Act 204, Imd. Eff. July 10, 1967
Section 124.422 – Tax Exemption of Property.
124.422 Tax exemption of property. Sec. 22. Authorities and their property, real, personal and mixed, are exempt from assessment, levy and collection of all general and special taxes of the state or any governmental unit. History: 1967, Act 204, Imd. Eff. July 10, 1967
Section 124.423 – Annual Public Report and Financial Statement.
124.423 Annual public report and financial statement. Sec. 23. The authority shall prepare and publish a detailed public report and financial statement of its operations at the end of each fiscal year. History: 1967, Act 204, Imd. Eff. July 10, 1967
Section 124.424 – Acquisition of Transportation Operating Facilities; Negotiation; Condemnation or Arbitration, Election; Competition With Common Carriers.
124.424 Acquisition of transportation operating facilities; negotiation; condemnation or arbitration, election; competition with common carriers. Sec. 24. The authority shall endeavor to acquire facilities, assets and rights of existing and operating private or public transportation systems, however no liability other than for equipment and facilities shall be assumed or contracted for, by good faith negotiation […]
Section 124.425 – Availability of Records and Other Writings to Public; Conducting Business at Public Meeting; Notice of Meeting.
124.425 Availability of records and other writings to public; conducting business at public meeting; notice of meeting. Sec. 25. Records and any other writings prepared, owned, used, in the possession of, or retained by the authority in the performance of an official function shall be available to the public during normal business hours in compliance […]
Section 124.426 – Emergency Financial Manager.
124.426 Emergency financial manager. Sec. 26. Notwithstanding any provision of this act, if an emergency financial manager has been appointed under the local government fiscal responsibility act, Act No. 101 of the Public Acts of 1988, being sections 141.1101 to 141.1118 of the Michigan Compiled Laws, with respect to an authority established by this act, […]
Section 124.412 – Governing Boards; General Manager; Appointment, Powers, Duties, Term.
124.412 Governing boards; general manager; appointment, powers, duties, term. Sec. 12. Before engaging in transportation operations, or at such time as the board deems appropriate and necessary, the board shall appoint a general manager who shall be the chief executive and operating officer of the authority. The general manager shall have management of the properties […]
Section 124.413 – Governing Boards; Officers, Employees, Agents; Appointment, Classification, Merit Rating; Collective Bargaining; Assumed Wage, Hour, and Other Benefit Obligations; Returning Servicemen.
124.413 Governing boards; officers, employees, agents; appointment, classification, merit rating; collective bargaining; assumed wage, hour, and other benefit obligations; returning servicemen. Sec. 13. (1) The general manager shall have the authority to appoint such officers, employees and agents as necessary to carry out the purposes of the authority under the general policy direction of the […]
Section 124.414 – Taxation; Methods of Financing.
124.414 Taxation; methods of financing. Sec. 14. The authority may not levy taxes nor may it pledge the credit or taxing power of the state or any political subdivision except for the pledging of receipts of taxes, special assessments or charges collected by the state or a political subdivision and returnable or payable by law […]
Section 124.415 – Annual Operating and Capital Budget; Review, Approval; Five-Year Capital Program Budgets, Annual Revision; Financial Audits; Construction Programs.
124.415 Annual operating and capital budget; review, approval; five-year capital program budgets, annual revision; financial audits; construction programs. Sec. 15. (1) The general manager shall prepare and the board shall approve a separate operating and capital budget for each fiscal year. These budgets shall be approved at least 30 days prior to the beginning of […]