Michigan Compiled Laws 448-1976-2 Article 2 (460.821...460.824)

• Section 460.821 Joint Venture Agreement; Undivided Interest In Project; Determination Of Future Power Requirements.
  (1) A governmental unit may join in a joint venture agreement to plan, finance, develop, construct, reconstruct, acquire, improve, enlarge, better, own, operate, or...
• Section 460.822 Joint Venture Agreement; Proportion Of Undivided Interest In Project To Be Owned; Percentage Share Of Output And Capacity; Liability; Restrictions As To Money, Property, Or Undivided Share; Acquisition Of Project; Sources Of Money; Providing Property, Services, And Other Considerations.
  Pursuant to a joint venture agreement, each governmental unit shall own an undivided interest in a project or projects in proportion to the amount...
• Section 460.823 Joint Venture Agreement; Terms, Conditions, And Provisions; Ratification Of Contracts By Resolution; Provisions Of Contract.
  A joint venture agreement entered into by governmental units with respect to joint ownership in a project shall contain those terms, conditions, and provisions,...
• Section 460.824 Sale Or Exchange Of Capacity Or Output; Licenses, Permits, Certificates, Or Approvals; Contracts For Electric Power And Energy; Authority, Rights, Privileges, And Immunities Of Personnel; Annual Report; Operating And Financial Statement; Audit.
  (1) Capacity or output derived by a governmental unit from its ownership share of a project not then required by the governmental unit for...

Last modified: October 10, 2016