MCL - Act 196 of 1986


Act 196 of 1986

AN ACT to authorize the formation of public transportation authorities with certain general powers and duties; to provide for the withdrawal of certain local entities from public transportation authorities; to authorize certain local entities to levy property taxes for public transportation service and public transportation purposes; to protect the rights of employees of existing public transportation systems; to provide for the issuance of bonds and notes; to provide for the pledge of taxes, revenues, assessments, tax levies, and other funds for bond or note payment; to provide for the powers and duties of certain state agencies; to validate taxes authorized before July 10, 1986, elections held before July 10, 1986, and bonds and notes issued before July 10, 1986; to provide for transfer of certain tax revenue and certain powers, rights, duties, and obligations; to authorize condemnation proceedings; to grant certain powers to certain local entities; to validate and ratify the organization, existence, and membership of public transportation authorities created before July 10, 1986 and the actions taken by those public transportation authorities and by the members of those public transportation authorities; and to prescribe penalties and provide remedies.

History: 1986, Act 196, Imd. Eff. July 10, 1986 ;-- Am. 1998, Act 168, Eff. Mar. 23, 1999

The People of the State of Michigan enact:
Document Type Description
Section 124.451 Section Short title.
Section 124.452 Section Definitions.
Section 124.453 Section Public authority; formation generally; membership; articles of incorporation; approval.
Section 124.454 Section Public authority; formation by political subdivision; articles of incorporation.
Section 124.455 Section Articles of incorporation; endorsement as evidence of adoption; publication; filing; operative public authority; effective date of articles; validity of incorporation conclusively presumed; exception.
Section 124.456 Section Articles of incorporation; contents.
Section 124.457 Section Membership after formation of public authority; resolution; approval, execution, filing, and publication of amendment to articles.
Section 124.458 Section Conditions to release from membership in public authority; taxes; transportation services; evidence of release; withdrawal from public authority; violation of MCL 168.1 to 168.992 applicable to petitions; penalties; notice.
Section 124.459 Section Tax limitations.
Section 124.460 Section Validation and ratification of acts taken before effective date of act.
Section 124.461 Section Assumption, transfer, assignment, or conveyance of tax revenues, property, rights, duties, and obligations.
Section 124.462 Section Powers of public authority generally; public authority as public benefit agency and instrumentality of state.
Section 124.463 Section Additional powers of public authority.
Section 124.464 Section Additional powers of public authority.
Section 124.465 Section Collective bargaining agreements; employees entering military service.
Section 124.466 Section Exemption of public authority from certain acts in exercise of powers.
Section 124.467 Section Public transportation service; financing.
Section 124.468 Section Tax levy; collection.
Section 124.469 Section Additional tax levy.
Section 124.470 Section Contract with public authority to make payments, appropriations, or contributions; pledge of full faith and credit; tax levy; execution of contract.
Section 124.471 Section Duties of public authority.
Section 124.472 Section Notes and bonds generally.
Section 124.473 Section Notes and bonds; additional provisions; tax exemption; advancing money or delivering property to carry out powers and duties; repayment or payment.
Section 124.474 Section Loans.
Section 124.475 Section Revenues pledged for payment of debt service on bonds or notes subject to statutory lien; substitution of other security.
Section 124.476 Section Investments; use of investment income.
Section 124.477 Section Notes and bonds as securities.
Section 124.478 Section Validation and ratification of prior acts.
Section 124.479 Section Duration of financial obligation.