Michigan Compiled Laws Act 203 Of 1999 The Convention Facility Authority Act (141.1401 - 141.1414)

AN ACT to create certain authorities; to authorize creation of certain funds; to authorize expenditures from the funds; to finance the purchase of land and the development of certain convention facilities and of public improvements or related facilities; and to prescribe the powers and duties of certain state and local officials.

History: 1999, Act 203, Imd. Eff. Dec. 21, 1999

Section 141.1401 Short Title.
This act shall be known and may be cited as “the convention facility authority act”. History: 1999, Act 203, Imd. Eff. Dec. 21, 1999
Section 141.1402 Legislative Findings.
The legislature of this state finds that there exists in this state a continuing need for programs to promote tourism and convention business in...
Section 141.1403 Definitions.
As used in this act: (a) "Authority" means a convention facility authority created under section 4. (b) "Board" means the board of directors of...
Section 141.1404 Establishment Of Authority By County And City; Resolution; Organization.
(1) A qualified county and a qualified city may by resolutions of their respective legislative governing bodies jointly establish an authority under this act....
Section 141.1405 Board Of Directors; Powers, Duties, And Functions; Membership; Terms; Oath Of Office; Vacancy; Eligibility Of Legislative Member Or City Official.
(1) The powers, duties, and functions of an authority are vested in and shall be exercised by a board of directors. The board shall...
Section 141.1406 Board Of Directors; Discharge Of Duties; Actions; Meetings; Compensation.
(1) Members of a board and officers and employees of the authority are subject to 1968 PA 317, MCL 15.321 to 15.330. A member...
Section 141.1407 Conduct Of Business At Public Meetings; Disclosure Requirements.
(1) A board shall conduct all business at public meetings held in compliance with the open meetings act, 1976 PA 267, MCL 15.261 to...
Section 141.1408 Powers Of Authority; Tax Levy Prohibited.
(1) An authority may do all things necessary or convenient to carry out the purposes, objectives, and provisions of this act and the purposes,...
Section 141.1409 Employment Of Staff; Audits; Budget.
(1) An authority may employ staff, including legal and technical experts, and other officers, or employees, permanent or temporary, paid from the funds of...
Section 141.1410 Convention Facility Authority Fund; Creation; Disposition Of Money.
A convention facility authority fund is created for each authority. An authority shall deposit all money received and generated by the convention facility into...
Section 141.1411 Payment Of Costs From Certain Revenues.
The payment of principal, interest, and other costs including engineering, financial, and issuance costs, associated with bonds issued by the authority may be made...
Section 141.1412 Issuance Of Negotiable Revenue Bonds; Limitations.
(1) An authority may only issue negotiable revenue bonds under the revenue bond act of 1933, 1933 PA 94, MCL 141.101 to 141.140. An...
Section 141.1413 Property Of Authority.
(1) Property of an authority is public property devoted to an essential public and governmental function and purpose. Income of the authority is for...
Section 141.1414 Use Of Funds Received Pursuant To Section 301 Of 1999 Pa 137.
Funds received by the authority pursuant to section 301 of 1999 PA 137 shall not be used by the authority to defray costs incurred...

Last modified: October 10, 2016