Section 389.194 – Repeals.
389.194 Repeals. Sec. 194. Act No. 188 of the Public Acts of 1955, as amended, being sections 390.871 to 390.883 of the Compiled Laws of 1948, is repealed. History: 1966, Act 331, Eff. Oct. 1, 1966
Section 389.195 – Effective Date of Act.
389.195 Effective date of act. Sec. 195. This act shall take effect on October 1, 1966. History: 1966, Act 331, Eff. Oct. 1, 1966
Section 389.161 – Definitions.
389.161 Definitions. Sec. 161. As used in this chapter: (a) “Agreement” means a written agreement between an employer and a community college district concerning a project and any amendments to that agreement. (b) “Bond” or “bonds” means bonds, notes, or other debt issued by a community college district under this chapter. (c) “Employer” means a […]
Section 389.162 – Agreement by Community College and Employer; Establishment of Project; Provisions; Payments as Lien on Employer’s Business Property; Filing With Department of Treasury; Limitation on Entering New Agreements.
389.162 Agreement by community college and employer; establishment of project; provisions; payments as lien on employer’s business property; filing with department of treasury; limitation on entering new agreements. Sec. 162. (1) A community college district may enter into an agreement to establish a project with an employer engaged in business activities anywhere in the state. […]
Section 389.163 – Program Costs of New Jobs Training Program; Payment From Money Received From New Jobs Credit From Withholding; Agreement; Provisions; Amount Remitted to Community College District; Information to Be Provided to Department of Treasury.
389.163 Program costs of new jobs training program; payment from money received from new jobs credit from withholding; agreement; provisions; amount remitted to community college district; information to be provided to department of treasury. Sec. 163. (1) If any part of the program costs of a new jobs training program are to be paid from […]
Section 389.164 – New Jobs Training Revenue Bonds; Sunset.
389.164 New jobs training revenue bonds; sunset. Sec. 164. (1) Subject to subsection (16), by resolution of its board of trustees, a community college district may authorize, issue, and sell its new jobs training revenue bonds in anticipation of payments to be received pursuant to an agreement, subject to the requirements of this chapter, to […]
Section 389.165 – Tax Exemption.
389.165 Tax exemption. Sec. 165. Bonds and notes issued by a community college district under this chapter and the interest on and income from those bonds and notes are exempt from taxation by this state or a political subdivision of this state. History: Add. 2008, Act 359, Imd. Eff. Dec. 23, 2008
Section 389.166 – Aggregate Outstanding Obligation of All Agreements; Limitation.
389.166 Aggregate outstanding obligation of all agreements; limitation. Sec. 166. The aggregate outstanding obligation of all agreements entered into under this chapter shall not exceed $50,000,000.00 in any calendar year. History: Add. 2008, Act 359, Imd. Eff. Dec. 23, 2008
Section 389.191 – Construction of Act.
389.191 Construction of act. Sec. 191. This act is for the purpose of implementing section 7 of article 8 of the state constitution and shall be construed as being the charter of community colleges established and operating hereunder, and as determining the tax limitation of such colleges in accordance with section 6 of article 9 […]
Section 389.192 – Saving Clause.
389.192 Saving clause. Sec. 192. All proceedings pending and all rights and liabilities existing, acquired or incurred at the time this act takes effect are hereby saved. It is the legislative intent that this act shall not be construed to alter or affect the continued organization or operation of the community college districts of the […]