Section 124.781 – Transfer of Powers and Duties of Board of Directors and Office of the Executive Director of State Land Bank Fast Track Authority to Office of Executive Director of Michigan State Housing Development Authority; Abolishment of Board of Directors and Office of Executive Director of State Land Bank Fast Track Authority.
124.781 Transfer of powers and duties of board of directors and office of the executive director of state land bank fast track authority to office of executive director of Michigan state housing development authority; abolishment of board of directors and office of executive director of state land bank fast track authority. WHEREAS, Section 1 of […]
Section 124.727 – Annual Expenditure for Administrative Costs; Establishment of Divisions, Bureaus, and Committees.
124.727 Annual expenditure for administrative costs; establishment of divisions, bureaus, and committees. Sec. 77. (1) A metropolitan arts council’s articles shall specify the maximum amount or percentage of revenues received under this act that the council may authorize to be expended annually for administrative costs incurred under this act. The articles may authorize a local […]
Section 124.729 – Bylaws.
124.729 Bylaws. Sec. 79. A metropolitan arts council may adopt bylaws for the administration of the council. History: Add. 1998, Act 373, Imd. Eff. Oct. 20, 1998
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 […]
Section 124.753 – Definitions.
124.753 Definitions. Sec. 3. As used in this act: (a) “Authority” means a land bank fast track authority created under section 15, section 23(4), or section 23(5). (b) “Authority board” means the board of directors of the state authority appointed under section 16. (c) “Casino” means a casino regulated by this state under the Michigan […]
Section 124.754 – Powers.
124.754 Powers. Sec. 4. (1) Except as otherwise provided in this act, an authority may do all things necessary or convenient to implement the purposes, objectives, and provisions of this act, and the purposes, objectives, and powers delegated to the board of directors of an authority by other laws or executive orders, including, but not […]
Section 124.755 – Acquisition of Property; Accepting Deed in Lieu of Foreclosure or Sale; Release of Tax Lien.
124.755 Acquisition of property; accepting deed in lieu of foreclosure or sale; release of tax lien. Sec. 5. (1) Except as provided in section 4(8), an authority may acquire by gift, devise, transfer, exchange, foreclosure, purchase, or otherwise on terms and conditions and in a manner the authority considers proper, real or personal property, or […]
Section 124.756 – Preservation of Property Value.
124.756 Preservation of property value. Sec. 6. (1) An authority may, without the approval of a local unit of government in which property held by the authority is located, control, hold, manage, maintain, operate, repair, lease as lessor, secure, prevent the waste or deterioration of, demolish, and take all other actions necessary to preserve the […]
Section 124.757 – Disposition of Property by Authority; Inventory and Classification of Property; Title Status and Suitability for Use; Recording Property Transfer.
124.757 Disposition of property by authority; inventory and classification of property; title status and suitability for use; recording property transfer. Sec. 7. (1) Except as an authority otherwise agrees by intergovernmental agreement or otherwise, on terms and conditions, and in a manner and for an amount of consideration an authority considers proper, fair, and valuable, […]