reglab/housing_qa huggingface dataset:
MI Comp L § 124.461 (2021)
2021 Michigan Compiled Laws|Chapter 124 - Municipalities|Act 196 of 1986 - Public Transportation Authority Act (124.451 - 124.479)|Section 124.461 - Assumption, Transfer, Assignment, or Conveyance of Tax Revenues, Property, Rights, Duties, and Obligations.

124.461 Assumption, transfer, assignment, or conveyance of tax revenues, property, rights, duties, and obligations.  Sec. 11.  (1) All tax revenue, or real or personal property or property rights, money, authorizations to levy a tax, and all other rights, duties, and obligations of an existing authority that forms a public authority in accordance with section 3 shall be assumed by and transferred to the public authority created under this act without execution or delivery of any document or instrument transferring or assigning them.   (2) A political subdivision forming a public authority under this act, including a political subdivision only a portion of which is part of the public authority pursuant to a decision by the legislative body of the political subdivision, may assign or convey any of its tax revenue, real or personal property or property rights, and all other rights, duties, and obligations involving public transportation service to the public authority formed by the political subdivision. However, a transfer or assignment shall not be made which materially adversely affects the contractual rights of a person having a contract with that political subdivision.  History: 1986, Act 196, Imd. Eff. July 10, 1986
MI Comp L § 124.462 (2021)
2021 Michigan Compiled Laws|Chapter 124 - Municipalities|Act 196 of 1986 - Public Transportation Authority Act (124.451 - 124.479)|Section 124.462 - Powers of Public Authority Generally; Public Authority as Public Benefit Agency and Instrumentality of State.

124.462 Powers of public authority generally; public authority as public benefit agency and instrumentality of state. Sec. 12.  A public authority created under this act may plan, promote, finance, acquire, improve, enlarge, extend, own, construct, operate, maintain, replace, and contract for public transportation service by means of 1 or more public transportation systems and public transportation facilities. A public authority is a public benefit agency and instrumentality of the state with all the powers of a public corporation, to accomplish its purposes and to control, operate, administer, and exercise the franchise of the public transportation system and public transportation facilities, if any. History: 1986, Act 196, Imd. Eff. July 10, 1986
MI Comp L § 124.463 (2021)
2021 Michigan Compiled Laws|Chapter 124 - Municipalities|Act 196 of 1986 - Public Transportation Authority Act (124.451 - 124.479)|Section 124.463 - Additional Powers of Public Authority.

124.463 Additional powers of public authority.  Sec. 13.  A public authority formed under this act shall be a corporate body with power to sue and be sued in any court of the state and shall be considered to be an agency and instrumentality of the state. The public authority shall possess all the powers necessary to carry out the purposes of its formation and all things incident to carrying out the purposes of its formation. The public authority shall be administered in the manner determined by the board and as provided in its articles of incorporation. The public authority by contract may employ a management firm, either corporate or otherwise, to operate the public transportation system, under the supervision of the public authority. The enumeration of powers of this act shall not be construed as a limitation on the general powers of the public authority. History: 1986, Act 196, Imd. Eff. July 10, 1986
MI Comp L § 124.465 (2021)
2021 Michigan Compiled Laws|Chapter 124 - Municipalities|Act 196 of 1986 - Public Transportation Authority Act (124.451 - 124.479)|Section 124.465 - Collective Bargaining Agreements; Employees Entering Military Service.

124.465 Collective bargaining agreements; employees entering military service. Sec. 15.  (1) A public authority formed under this act shall have the right to bargain collectively and enter into agreements with labor organizations pursuant to Act No. 336 of the Public Acts of 1947, being sections 423.201 to 423.216 of the Michigan Compiled Laws. Upon acquisition or reincorporation of a public transportation system, the public authority shall assume and be bound by any existing collective bargaining agreements applicable to that system for the remainder of the term of the agreement, and, except where the existing collective bargaining agreement may otherwise permit, shall retain the employees covered by that collective bargaining agreement. The acquisition or reincorporation of a public transportation system by the public authority shall not adversely affect any existing rights and obligations contained in the existing collective bargaining agreement. Members and beneficiaries of any pension or retirement system established by the existing public transportation system shall continue to have the same rights, privileges, benefits, obligations, and status under the new public authority.  (2) If an existing collective bargaining agreement is expiring at the time of acquisition or reincorporation of a public transportation system to a public authority under this act, the acquisition or reincorporation does not affect the obligation of each of the parties to bargain collectively pursuant to the requirements of Act No. 336 of the Public Acts of 1947.   (3) Employees who left the employ of the acquired public transportation system to enter the military services of the United States shall have the same rights as to the public transportation system established by the public authority pursuant to Act No. 263 of the Public Acts of 1951, being sections 35.351 to 35.356 of the Michigan Compiled Laws, as they would have had under the acquired public transportation system. History: 1986, Act 196, Imd. Eff. July 10, 1986
MI Comp L § 124.466 (2021)
2021 Michigan Compiled Laws|Chapter 124 - Municipalities|Act 196 of 1986 - Public Transportation Authority Act (124.451 - 124.479)|Section 124.466 - Exemption of Public Authority From Certain Acts in Exercise of Powers.

124.466 Exemption of public authority from certain acts in exercise of powers. Sec. 16.  In the exercise of its powers within the boundaries of the public authority, a public authority is exempt from the motor carrier act, Act No. 254 of the Public Acts of 1933, being sections 475.1 to 479.20 of the Michigan Compiled Laws; Act No. 3 of the Public Acts of 1939, being sections 460.1 to 460.8 of the Michigan Compiled Laws; and Act No. 432 of the Public Acts of 1982, being sections 474.101 to 474.141 of the Michigan Compiled Laws. History: 1986, Act 196, Imd. Eff. July 10, 1986
MI Comp L § 124.467 (2021)
2021 Michigan Compiled Laws|Chapter 124 - Municipalities|Act 196 of 1986 - Public Transportation Authority Act (124.451 - 124.479)|Section 124.467 - Public Transportation Service; Financing.

124.467 Public transportation service; financing.  Sec. 17.  Public transportation service, including any public transportation system and public transportation facilities, may be financed by the public authority by any 1 or more of the following means:  (a) By service charges, fees, or fares to users of the public transportation services.  (b) By funds disbursed by the state to the public authority and usable by the public authority.   (c) By any other income or revenue, including appropriations or contributions, or other revenue of the members of the public authority and any political subdivisions.  (d) By grants, loans, appropriations, payments, or contributions from the federal government, this state, another state or other governmental units and grants, contributions, gifts, devises, or bequests from public or private sources.  (e) By proceeds of ad valorem taxes, special assessments, or charges imposed pursuant to law and collected by the state or a political subdivision or the public authority and returned or paid to the public authority pursuant to law or contract.   (f) By proceeds of an income tax as may be provided by law.  (g) By issuance of bonds or notes as provided by this act.  (h) By means of land contracts, installment purchase contracts, or leases authorized by this act. History: 1986, Act 196, Imd. Eff. July 10, 1986
MI Comp L § 124.469 (2021)
2021 Michigan Compiled Laws|Chapter 124 - Municipalities|Act 196 of 1986 - Public Transportation Authority Act (124.451 - 124.479)|Section 124.469 - Additional Tax Levy.

124.469 Additional tax levy. Sec. 19.  Any member of the public authority or a political subdivision otherwise granted taxing authority under state law may levy a tax on all of the taxable property within the limits of the political subdivision, and appropriate, grant, or contribute the proceeds of the tax to the public authority for public transportation purposes as authorized by this act or to provide sufficient money to fulfill its contractual obligation to the public authority under section 20, which tax shall be within charter, statutory, and constitutional limitations. History: 1986, Act 196, Imd. Eff. July 10, 1986
MI Comp L § 124.470 (2021)
2021 Michigan Compiled Laws|Chapter 124 - Municipalities|Act 196 of 1986 - Public Transportation Authority Act (124.451 - 124.479)|Section 124.470 - Contract With Public Authority to Make Payments, Appropriations, or Contributions; Pledge of Full Faith and Credit; Tax Levy; Execution of Contract.

124.470 Contract with public authority to make payments, appropriations, or contributions; pledge of full faith and credit; tax levy; execution of contract. Sec. 20.  (1) Any member of the public authority or a political subdivision may contract with the public authority to make payments, appropriations, or contributions to the public authority of the proceeds of taxes, special assessments, or charges imposed and collected by the political subdivision or out of any other funds legally available.  (2) Any member of the public authority or a political subdivision may pledge its full faith and credit for payment of its contractual obligation to the public authority.   (3) If the public authority has issued notes or bonds in anticipation of payments, appropriations, or contributions to be made to the public authority pursuant to contract by a member of the public authority or a political subdivision, the political subdivision may levy a tax, subject to all appropriate statutory and constitutional requirements, on all taxable property in the political subdivision to provide sufficient money to fulfill its contractual obligation to the public authority, which tax as to rate or amount will be as provided in section 6 of article IX of the state constitution of 1963.  (4) Any member or political subdivision desiring to enter into a contract under subsection (1) shall authorize by resolution of its governing body the execution of the contract.  (5) Any political subdivision that forms or becomes a member of the public authority under this act and, before the effective date of the formation or membership, has authorized the levy of a tax to provide money for public transportation purposes or has imposed or collected special assessments or charges for public transportation purposes may levy or impose and collect the tax or special assessment or charge and contract with the public authority to make payments, appropriations, or contributions to the public authority of the proceeds of the taxes, special assessments, or charges, subject to conditions of the original authorization.  History: 1986, Act 196, Imd. Eff. July 10, 1986
MI Comp L § 124.471 (2021)
2021 Michigan Compiled Laws|Chapter 124 - Municipalities|Act 196 of 1986 - Public Transportation Authority Act (124.451 - 124.479)|Section 124.471 - Duties of Public Authority.

124.471 Duties of public authority. Sec. 21.  Each public authority created under this act shall do the following:  (a) Obtain an annual audit in accordance with sections 6 to 13 of Act No. 2 of the Public Acts of 1968, being sections 141.426 to 141.433 of the Michigan Compiled Laws. The audit shall also be in accordance with generally accepted government auditing standards as promulgated by the United States general accounting office and shall satisfy federal regulations relating to federal grant compliance audit requirements. A copy of the annual audit shall be filed with the state treasurer in accordance with section 4(2) of Act No. 2 of the Public Acts of 1968, being section 141.424 of the Michigan Compiled Laws and a copy shall be filed with the state transportation department in accordance with section 10h(2) of Act No. 51 of the Public Acts of 1951, being section 247.660h of the Michigan Compiled Laws.  (b) Prepare budgets and appropriations acts in accordance with sections 14, 15(1)(a) to 15(1)(g), 15(1)(i), 15(2), 16, 17, 18, and 19 of the Uniform Budget Act, Act No. 2 of the Public Acts of 1968, being sections 141.434 to 141.439 of the Michigan Compiled Laws.  (c) If ending a fiscal year in a deficit condition, file a financial plan to correct the deficit condition in the same manner as provided in section 21(2) of Act No. 140 of the Public Acts of 1971, being section 141.921 of the Michigan Compiled Laws. A copy of the financial plan shall also be filed with the state transportation department. History: 1986, Act 196, Imd. Eff. July 10, 1986
MI Comp L § 124.472 (2021)
2021 Michigan Compiled Laws|Chapter 124 - Municipalities|Act 196 of 1986 - Public Transportation Authority Act (124.451 - 124.479)|Section 124.472 - Notes and Bonds Generally.

124.472 Notes and bonds generally. Sec. 22.  A public authority may, by resolution of its board, borrow money and issue its notes and bonds in anticipation of the collection of taxes and other revenues for its then next succeeding fiscal year, or the taxes or other revenue for its current fiscal year to provide funds for operating purposes or for capital purposes related to public transportation facilities. History: 1986, Act 196, Imd. Eff. July 10, 1986
MI Comp L § 124.474 (2021)
2021 Michigan Compiled Laws|Chapter 124 - Municipalities|Act 196 of 1986 - Public Transportation Authority Act (124.451 - 124.479)|Section 124.474 - Loans.

124.474 Loans. Sec. 24.  The public authority may lend money including money derived from the proceeds of sale of its bonds or notes to another public authority, a political subdivision, any other public entity, or a private corporation, partnership, or individual for the purpose of financing qualified mass commuting vehicles, as defined in the internal revenue code, that will be leased or sold to the public authority and to sell and lease or purchase back mass commuting vehicles, as defined in the internal revenue code. For that purpose, the public authority may borrow money and issue bonds or notes, enter into loan agreements, leases, or purchase agreements and any other agreements including indemnification agreements as are necessary or appropriate in the judgment of the board to accomplish purposes of this section. History: 1986, Act 196, Imd. Eff. July 10, 1986
MI Comp L § 124.475 (2021)
2021 Michigan Compiled Laws|Chapter 124 - Municipalities|Act 196 of 1986 - Public Transportation Authority Act (124.451 - 124.479)|Section 124.475 - Revenues Pledged for Payment of Debt Service on Bonds or Notes Subject to Statutory Lien; Substitution of Other Security.

124.475 Revenues pledged for payment of debt service on bonds or notes subject to statutory lien; substitution of other security. Sec. 25.  The revenues pledged for payment of debt service on bonds or notes shall be and remain subject to a statutory lien until the payment in full of the principal of and interest on the bonds or notes unless the resolution authorizing the bonds or notes provides for earlier discharge of the lien by substitution of other security. The pledge of revenues and any statutory lien that exists for the payment of debt service on bonds or notes shall be effective for all purposes without the delivery of any evidence in this regard or any recording. History: 1986, Act 196, Imd. Eff. July 10, 1986
MI Comp L § 124.476 (2021)
2021 Michigan Compiled Laws|Chapter 124 - Municipalities|Act 196 of 1986 - Public Transportation Authority Act (124.451 - 124.479)|Section 124.476 - Investments; Use of Investment Income.

124.476 Investments; use of investment income.  Sec. 26.  (1) The public authority may invest any of its money in 1 or more of the following:  (a) Direct obligations of the United States and obligations the principal and interest of which are unconditionally guaranteed by the United States.  (b) Certificates of deposit issued or bank accounts in any bank, trust company, or savings institution whose deposits are insured by the federal deposit insurance corporation or federal savings and loan insurance company.  (c) Prime commercial paper having the highest rating given by a rating service which the department of treasury determines rates the majority of the bond and note issues of the state.  (d) Repurchase agreements with any bank or trust company which is a member of the federal deposit insurance corporation and which are secured by any of the types of securities which are obligations described in subdivisions (a), (b), or (c).   (2) Investment income may be used by the public authority for any purpose for which any other money of the public authority may be used and may be pledged or dedicated in whole or in part to a special purpose including payment of debt service on bonds or notes, as the board determines. History: 1986, Act 196, Imd. Eff. July 10, 1986
MI Comp L § 124.477 (2021)
2021 Michigan Compiled Laws|Chapter 124 - Municipalities|Act 196 of 1986 - Public Transportation Authority Act (124.451 - 124.479)|Section 124.477 - Notes and Bonds as Securities.

124.477 Notes and bonds as securities. Sec. 27.  The notes and bonds of the authority are securities in which the public officers and bodies of this state, municipalities, and municipal subdivisions, insurance companies, associations, and other persons carrying on an insurance business, banks, trust companies, savings banks and savings associations, savings and loan associations, investment companies, and administrators, guardians, executors, trustees, and other fiduciaries, and all other persons who are authorized to invest in bonds or other obligations of the state may properly and legally invest funds. History: 1986, Act 196, Imd. Eff. July 10, 1986
MI Comp L § 124.478 (2021)
2021 Michigan Compiled Laws|Chapter 124 - Municipalities|Act 196 of 1986 - Public Transportation Authority Act (124.451 - 124.479)|Section 124.478 - Validation and Ratification of Prior Acts.

124.478 Validation and ratification of prior acts. Sec. 28.  The authorization, issuance, sale, execution, and delivery of all issues of bonds and notes authorized, issued, sold, executed, or delivered by an authority before the effective date of this section, and all acts taken by an authority in connection with those bonds and notes are hereby validated and ratified. History: 1986, Act 196, Imd. Eff. July 10, 1986
MI Comp L § 124.479 (2021)
2021 Michigan Compiled Laws|Chapter 124 - Municipalities|Act 196 of 1986 - Public Transportation Authority Act (124.451 - 124.479)|Section 124.479 - Duration of Financial Obligation.

124.479 Duration of financial obligation.  Sec. 29.  Notwithstanding any other provision of this act, a political subdivision may obligate itself financially for a period over 5 years from the date the obligation is undertaken only if approved by majority vote of the electorate of the political subdivision.  History: 1986, Act 196, Imd. Eff. July 10, 1986
MI Comp L § 124.501 (2021)
2021 Michigan Compiled Laws|Chapter 124 - Municipalities|Act 7 of 1967 (Ex. Sess.) - Urban Cooperation Act of 1967 (124.501 - 124.512)|Section 124.501 - Urban Cooperation Act; Short Title.

124.501 Urban cooperation act; short title.  Sec. 1.  This act shall be known and may be cited as the "urban cooperation act of 1967". History: 1967, Ex. Sess., Act 7, Eff. Mar. 22, 1968
MI Comp L § 124.502 (2021)
2021 Michigan Compiled Laws|Chapter 124 - Municipalities|Act 7 of 1967 (Ex. Sess.) - Urban Cooperation Act of 1967 (124.501 - 124.512)|Section 124.502 - Definitions.

124.502 Definitions. Sec. 2.  As used in this act:  (a) "Interlocal agreement" means an agreement entered into under this act.  (b) "Local governmental unit" means a county, city, village, township, or charter township.  (c) "Province" means a province of Canada.  (d) "Property" means any real or personal property, as described in section 34c of the general property tax act, 1893 PA 206, MCL 211.34c.  (e) "Public agency" means a political subdivision of this state or of another state of the United States or of Canada, including, but not limited to, a state government; a county, city, village, township, charter township, school district, single or multipurpose special district, or single or multipurpose public authority; a provincial government, metropolitan government, borough, or other political subdivision of Canada; an agency of the United States government; or a similar entity of any other states of the United States and of Canada. As used in this subdivision, agency of the United States government includes an Indian tribe recognized by the federal government before 2000 that exercises governmental authority over land within this state, except that this act or any intergovernmental agreement entered into under this act shall not authorize the approval of a class III gaming compact negotiated under the Indian gaming regulatory act, Public Law 100-497, 102 Stat. 2467.  (f) "State" means a state of the United States. History: 1967, Ex. Sess., Act 7, Eff. Mar. 22, 1968 ;-- Am. 1987, Act 286, Imd. Eff. Jan. 6, 1988 ;-- Am. 1995, Act 108, Imd. Eff. June 23, 1995 ;-- Am. 2002, Act 439, Imd. Eff. June 13, 2002 Compiler's Notes: Section 2 of Act 286 of 1987 provides: “An interlocal agreement for an authorized publicly-owned undertaking that is executed before the effective date of this amendatory act and that includes in its provisions a method or formula for equitably providing for and allocating revenues as authorized by section 5 of the urban cooperation act of 1967, Act No. 7 of the Public Acts of the Extra Session of 1967, being section 124.505 of the Michigan Compiled Laws, is validated and is not affected by this amendatory act.”Section 2 of Act 108 of 1995 provides: “An interlocal agreement for a publicly-authorized undertaking that is executed before the effective date of this amendatory act and that includes in its provisions a method or formula for equitably providing for and allocating revenues as authorized by section 5 or 5a of the urban cooperation act of 1967, Act No. 7 of the Public Acts of the Extra Session of 1967, being sections 124.505 and 124.505a of the Michigan Compiled Laws, is validated and is not affected by this amendatory act.”
MI Comp L § 124.503 (2021)
2021 Michigan Compiled Laws|Chapter 124 - Municipalities|Act 7 of 1967 (Ex. Sess.) - Urban Cooperation Act of 1967 (124.501 - 124.512)|Section 124.503 - Conflicting Statutory Provisions.

124.503 Conflicting statutory provisions. Sec. 3.  If any provision of this act conflicts with any other statute of this state providing for the authorization or performance of joint or cooperative agreements or undertakings between public agencies of this state or between public agencies of this state and public agencies of other states or of Canada, the provisions of the other statute shall control. History: 1967, Ex. Sess., Act 7, Eff. Mar. 22, 1968 ;-- Am. 2002, Act 439, Imd. Eff. June 13, 2002