Section 124.763 – Property of Authority as Public Property.
124.763 Property of authority as public property. Sec. 13. Property of an authority is public property devoted to an essential public and governmental function and purpose. Income of the authority is considered to be for a public and governmental purpose. The property of the authority and its income and operation are exempt from all taxes […]
Section 124.764 – Construction, Intent, and Scope of Act.
124.764 Construction, intent, and scope of act. Sec. 14. (1) This act shall be construed liberally to effectuate the legislative intent and the purposes as complete and independent authorization for the performance of each and every act and thing authorized by this act, and all powers granted shall be broadly interpreted to effectuate the intent […]
Section 124.751 – Short Title.
124.751 Short title. Sec. 1. This act shall be known and may be cited as the “land bank fast track act”. History: 2003, Act 258, Imd. Eff. Jan. 5, 2004 Compiler’s Notes: For transfer of powers and duties of state land bank fast track authority, with respect to issuance of bonds or notes, to Michigan […]
Section 124.752 – Legislative Findings.
124.752 Legislative findings. Sec. 2. The legislature finds that there exists in this state a continuing need to strengthen and revitalize the economy of this state and local units of government in this state and that it is in the best interests of this state and local units of government in this state to assemble […]