Michigan Compiled Laws 38-1969-2 Chapter 2 (331.41...331.46)

• Section 331.41 State Hospital Finance Authority; Creation; Public Body Corporate And Politic; Appointment And Terms Of Members; Vacancies; Deputies; Quorum; Action By Authority; Expenses; Authority Within Department Of Treasury; Independent Exercise Of Powers, Duties, And Functions; Conducting Business At Public Meeting; Notice.
  (1) The state hospital finance authority is created. The state authority is a public body corporate and politic of the state and shall consist...
• Section 331.42 Powers Of State Authority.
  The state authority has the powers necessary to carry out and effectuate the purposes of this act, including, but not limited to, all of...
• Section 331.43 Hospital Loan From State Authority; Purpose; Requirements; Security; Appointment Of Receiver; Limitation On Loan; Repayment; Interest.
  The state authority may lend money to hospitals for the acquisition, construction, improvement, or alteration of hospital facilities. A hospital loan shall not be...
• Section 331.44 Bonds And Notes; Renewal Notes; Refunding Bonds; Notes Or Bonds As General Obligations Of Authority; Contents Of Resolution Authorizing Notes Or Bonds; Authority Of Member, Officer, Or Other Employee.
  (1) The state authority periodically may issue its negotiable bonds and notes, including, but not limited to, commercial paper in a principal amount that,...
• Section 331.45 Repealed. 1992, Act 302, Imd. Eff. Dec. 21, 1992.
  Compiler's Notes: The repealed section pertained to the creation and establishment of a bond reserve fund.
• Section 331.46 State Authority; State Treasurer, Agent; Deposits, Payments, Security; Agreements; System Of Accounts.
  (1) All moneys of the state authority, except as otherwise authorized or provided in this section, shall be paid to the state treasurer, as...

Last modified: October 10, 2016