reglab/housing_qa huggingface dataset:
MI Comp L § 129.223 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 280 of 1995 - Financial Transaction Device Payments (129.221 - 129.224)|Section 129.223 - Adoption of Resolution; Determination of Acceptable Financial Transaction Devices.

129.223 Adoption of resolution; determination of acceptable financial transaction devices. Sec. 3.  (1) Before a local unit accepts a payment by financial transaction device for a tax, assessment, or fee, the governing body of the local unit shall adopt a resolution authorizing the acceptance of payments by financial transaction devices. The resolution shall designate the treasurer of the local unit as responsible for determining the types of financial transaction devices that may be accepted. The resolution may designate an additional officer or employee as jointly responsible with the treasurer for determining the financial transaction devices that may be accepted. However, if the treasurer is not an elected treasurer, the resolution may provide that the determination of the types of financial transaction devices shall be subsequently approved by resolution of the governing body. The determination of the financial transaction devices that may be accepted shall comply with any resolution for the deposit of public money under section 2 of Act No. 40 of the Public Acts of the First Extra Session of 1932, being section 129.12 of the Michigan Compiled Laws, applicable to that local unit. The resolution under this subsection shall specify any taxes, assessments, or fees for which payments by financial transaction devices will not be accepted.  (2) Notwithstanding the resolution adopted under subsection (1), if an elected official's office has direct responsibility to collect a tax, assessment, or fee and the elected official is not a voting member of the governing body of the local unit, the elected official may determine not to accept payments by financial transaction devices for that particular tax, assessment, or fee. Before implementing such a determination, the elected official shall notify the governing body of the local unit in writing of the particular tax, assessment, or fee for which payments by financial transaction devices will not be accepted. History: 1995, Act 280, Imd. Eff. Jan. 9, 1996
MI Comp L § 129.224 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 280 of 1995 - Financial Transaction Device Payments (129.221 - 129.224)|Section 129.224 - Authority of Courts Not Affected.

129.224 Authority of courts not affected. Sec. 4.  This act does not affect the authority of the courts to make determinations concerning the acceptance of financial transaction devices for court costs and fees. History: 1995, Act 280, Imd. Eff. Jan. 9, 1996
MI Comp L § 129.242 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 266 of 1995 - Credit Card Transactions (129.241 - 129.247)|Section 129.242 - Credit Card Arrangement; Use of Credit Cards.

129.242 Credit card arrangement; use of credit cards. Sec. 2.  (1) Subject to sections 3 and 5, the governing body of a local unit may enter into a credit card arrangement.  (2) A credit card arrangement or the use of credit cards under this act is not subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821, or to provisions of law or charter concerning the issuance of debt by a local unit. History: 1995, Act 266, Eff. July 8, 1996 ;-- Am. 2002, Act 257, Imd. Eff. May 1, 2002
MI Comp L § 129.243 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 266 of 1995 - Credit Card Transactions (129.241 - 129.247)|Section 129.243 - Adoption of Resolution; Written Policy; Provisions.

129.243 Adoption of resolution; written policy; provisions. Sec. 3.  A local unit shall not be a party to a credit card arrangement unless the governing body of the local unit has adopted by resolution a written policy that provides all of the following:  (a) That an officer or employee designated by the credit card policy is responsible for the local unit's credit card issuance, accounting, monitoring, and retrieval and generally for overseeing compliance with the credit card policy.  (b) That a credit card may be used only by an officer or employee of the local unit for the purchase of goods or services for the official business of the local unit. In addition, the credit card policy may limit the specific official business for which credit cards may be used. This subdivision does not limit the applicability of chapter XXIVA or section 174, 175, 219a, or 490a of the Michigan penal code, Act No. 328 of the Public Acts of 1931, being sections 750.157m to 750.157w, 750.174, 750.175, 750.219a, and 750.490a of the Michigan Compiled Laws; section 1a of the code of criminal procedure, Act No. 175 of the Public Acts of 1927, being section 769.1a of the Michigan Compiled Laws; or any other law, or ordinance, applicable to use of a credit card, issued by a local unit, for other than official business of the local unit.  (c) That an officer or employee using credit cards issued by the local unit shall submit to the local unit documentation described in the credit card policy detailing the goods or services purchased, the cost of the goods or services, the date of the purchase, and the official business for which purchased.  (d) That an officer or employee issued a credit card is responsible for its protection and custody and shall immediately notify the local unit if the credit card is lost or stolen.  (e) That an officer or employee issued a credit card shall return the credit card upon the termination of his or her employment or service in office with the local unit.  (f) For a system of internal accounting controls to monitor the use of credit cards issued by the local unit.  (g) For the approval of credit card invoices before payment.  (h) That the balance including interest due on an extension of credit under the credit card arrangement shall be paid for within not more than 60 days of the initial statement date. The local unit shall comply with this provision of the credit card policy.  (i) For disciplinary measures consistent with law for the unauthorized use of a credit card by an officer or employee of the local unit.  (j) Any other matters the governing body considers advisable. History: 1995, Act 266, Eff. July 8, 1996
MI Comp L § 129.244 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 266 of 1995 - Credit Card Transactions (129.241 - 129.247)|Section 129.244 - Total Combined Authorized Credit Limit; Limitation; Payment of Balance, Annual Fee, and Interest.

129.244 Total combined authorized credit limit; limitation; payment of balance, annual fee, and interest. Sec. 4.  (1) The total combined authorized credit limit of all credit cards issued by a local unit shall not exceed 5% of the total budget of the local unit for the current fiscal year.  (2) The governing body of a local unit may include in its budget and pay the balance due on any credit cards, including the annual fee and interest. History: 1995, Act 266, Eff. July 8, 1996
MI Comp L § 129.245 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 266 of 1995 - Credit Card Transactions (129.241 - 129.247)|Section 129.245 - Limiting or Suspending Authority to Issue and Use Credit Cards; Issuance of Order; Hearing.

129.245 Limiting or suspending authority to issue and use credit cards; issuance of order; hearing. Sec. 5.  After a hearing conducted under the administrative procedures act of 1969, Act No. 306 of the Public Acts of 1969, being sections 24.201 to 24.328 of the Michigan Compiled Laws, the department of treasury may issue an order limiting or suspending the authority of a local unit to issue and use credit cards under this act for failure to comply with the requirements of this act or with the requirements of the local unit's credit card policy. History: 1995, Act 266, Eff. July 8, 1996
MI Comp L § 129.246 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 266 of 1995 - Credit Card Transactions (129.241 - 129.247)|Section 129.246 - Validity of Credit Card Arrangement Before Effective Date of Act.

129.246 Validity of credit card arrangement before effective date of act. Sec. 6.  A credit card arrangement entered into by a local unit before the effective date of this act is valid but may not be used for credit card transactions on or after the effective date of this act unless the requirements of sections 3 and 4 are complied with. History: 1995, Act 266, Eff. July 8, 1996
MI Comp L § 129.247 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 266 of 1995 - Credit Card Transactions (129.241 - 129.247)|Section 129.247 - Effective Date.

129.247 Effective date. Sec. 7.  This act shall take effect 6 months after the date of its enactment. History: 1995, Act 266, Eff. July 8, 1996
MI Comp L § 129.261 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 226 of 2005 - Michigan Tobacco Settlement Finance Authority Act (129.261 - 129.279)|Section 129.261 - Short Title.

129.261 Short title.Sec. 1.  This act shall be known and may be cited as the "Michigan tobacco settlement finance authority act". History: 2005, Act 226, Imd. Eff. Nov. 21, 2005
MI Comp L § 129.262 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 226 of 2005 - Michigan Tobacco Settlement Finance Authority Act (129.261 - 129.279)|Section 129.262 - Legislative Findings and Declaration.

129.262 Legislative findings and declaration.Sec. 2.  The legislature finds and declares the following:  (a) This state has entered into a master settlement agreement with major tobacco companies that should result in the state receiving substantial sums of money in perpetuity assuming no adverse changes in cigarette consumption, market share, financial condition of those tobacco companies, and changes in law.  (b) The master settlement agreement is a binding and enforceable agreement of this state.  (c) Selling the state’s right to receive all or a portion of tobacco settlement payments is a prudent method of managing the risks associated with reliance on the receipt of tobacco settlement payments in perpetuity.  (d) Establishing the authority and execution by the authority of its powers granted under this act fulfill in all respects a public and governmental purpose for the benefit of the people of this state.  (e) The exchange of net proceeds received by the authority from the issuance of bonds plus residual interests for the right to receive all or a portion of tobacco settlement payments constitutes a true sale for a fair price. History: 2005, Act 226, Imd. Eff. Nov. 21, 2005
MI Comp L § 129.265 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 226 of 2005 - Michigan Tobacco Settlement Finance Authority Act (129.261 - 129.279)|Section 129.265 - Authority; Duties; Administrative Functions.

129.265 Authority; duties; administrative functions.Sec. 5.  The authority shall exercise its duties independently of the state treasurer. The staffing, budgeting, procurement, and related administrative functions of the authority shall be performed under the direction and supervision of the state treasurer. History: 2005, Act 226, Imd. Eff. Nov. 21, 2005
MI Comp L § 129.267 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 226 of 2005 - Michigan Tobacco Settlement Finance Authority Act (129.261 - 129.279)|Section 129.267 - Powers of Authority.

129.267 Powers of authority.Sec. 7.  The authority shall have all of the following powers:  (a) To solicit and accept gifts, grants, and loans from any person.  (b) To invest any money of the authority at the authority's discretion, in any obligations determined proper by the authority, and name and use depositories for its money.  (c) To procure insurance against any loss in connection with the property, assets, or activities of the authority.  (d) To sue and be sued, to have a seal, and to make, execute, and deliver contracts, conveyances, and other instruments necessary to the exercise of the authority's powers.  (e) To make and amend bylaws.  (f) To employ and contract with individuals necessary for the operation of the authority.  (g) To make and execute contracts including without limitation sale agreements, trust agreements, trust indentures, bond purchase agreements, tax regulatory agreements, continuing disclosure agreements, ancillary facilities, and all other instruments necessary or convenient for the exercise of its powers and functions, and commence any action to protect or enforce any right conferred upon it by any law, contract or other agreement.  (h) To engage the services of financial advisors and experts, legal counsel, placement agents, underwriters, appraisers and other advisors, consultants and fiduciaries as may be necessary to effectuate the purposes of this act.  (i) To pay its operating expenses and financing costs.  (j) To pledge the TSRs or other assets as security for the payment of the principal of and interest on any bonds and for its obligations under any ancillary facility.  (k) To procure insurance, letters of credit, or other credit enhancement with respect to any bonds for the payment of tenders of bonds, or for the payment upon maturity of short-term bonds.  (l) To enter into any ancillary facility with any person under the terms and conditions as the authority may determine and to provide insurance, letters of credit, or other credit enhancement with respect to any ancillary facility.  (m) To modify, amend, or replace any existing, or enter into a new, ancillary facility.  (n) To do any and all things necessary or convenient to carry out its purposes and exercise the powers expressly given and granted in this act. History: 2005, Act 226, Imd. Eff. Nov. 21, 2005
MI Comp L § 129.269 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 226 of 2005 - Michigan Tobacco Settlement Finance Authority Act (129.261 - 129.279)|Section 129.269 - Obligations.

129.269 Obligations.Sec. 9.  The issuance of bonds and the execution of any ancillary facility under the provisions of this act shall not directly, or indirectly, or contingently obligate the state or any political subdivision of this state to pay any amounts to the authority or owner of bonds or benefited parties or levy or pledge any form of taxation whatsoever for the bonds or ancillary facilities. The bonds and any ancillary facility are not a debt or liability of this state or any agency or instrumentality of this state, other than the authority as set forth in this act, either legal, moral, or otherwise, and nothing contained in this act shall be construed to authorize the authority to incur any indebtedness on behalf of or in any way to obligate this state or any political subdivision of this state, and the bonds and any ancillary facility shall contain on the face of the bond and ancillary facility or other prominent place on the bond or ancillary facility in bold typeface a statement to that effect. History: 2005, Act 226, Imd. Eff. Nov. 21, 2005
MI Comp L § 129.270 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 226 of 2005 - Michigan Tobacco Settlement Finance Authority Act (129.261 - 129.279)|Section 129.270 - Creation of Authority; Purpose as Public and Governmental; Property and Income Exempt From Tax; Interest.

129.270 Creation of authority; purpose as public and governmental; property and income exempt from tax; interest.Sec. 10.  (1) It is determined that the creation of the authority and the carrying out of its authorized purposes is in all respects a public and governmental purpose for the benefit of the people of this state and for the improvement of their health, safety, welfare, comfort, and security, and that these purposes are public purposes and that the authority will be performing an essential governmental function in the exercise of the powers conferred upon it by this act.  (2) The property of the authority and its income and operations shall be exempt from taxation by this state and any political subdivision of this state.  (3) In the case of any bonds, the interest on which is intended to be exempt from federal income tax, the authority shall prescribe restrictions on the use of the proceeds of those bonds and related matters as are necessary to assure the exemption, and the recipients of proceeds of those bonds shall be bound thereby to the extent the restrictions shall be made applicable to them. Any recipient of the proceeds of bonds bearing interest that is intended to be exempt from federal income tax, including without limitation this state or any political subdivision of this state, is authorized to execute a tax regulatory agreement with the authority and, as to any political subdivision that is a recipient of the proceeds of bonds bearing interest that is intended to be exempt from federal income, this state. The execution of a tax regulatory agreement may be treated as a condition to receiving any proceeds of a bond issued under this act. History: 2005, Act 226, Imd. Eff. Nov. 21, 2005
MI Comp L § 129.272 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 226 of 2005 - Michigan Tobacco Settlement Finance Authority Act (129.261 - 129.279)|Section 129.272 - Effect of Bonds Issued Under Act.

129.272 Effect of bonds issued under act.Sec. 12.  Notwithstanding any restriction contained in any other law, rule, regulation, or order to the contrary, this state and all political subdivisions of this state, their officers, boards, commissioners, departments or other agencies, governmental pension funds, all banks, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies and other persons carrying on a banking or investment business, and all executors, administrators, guardians, trustees and other fiduciaries, and all other persons whatsoever who now are or may hereafter be authorized to invest in bonds or other obligations of the state, may properly and legally invest any sinking funds, money or other funds, including capital, belonging to them or within their control, in any bond. Bonds issued by the authority under this act are hereby made bonds that may properly and legally be deposited with, and received by, any state municipal officers or agency of this state, for any purpose for which the deposit of bonds or other obligations of this state is now, or may be, authorized by law. History: 2005, Act 226, Imd. Eff. Nov. 21, 2005
MI Comp L § 129.273 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 226 of 2005 - Michigan Tobacco Settlement Finance Authority Act (129.261 - 129.279)|Section 129.273 - Dissolution of Authority.

129.273 Dissolution of authority.Sec. 13.  The authority may be dissolved by act of the legislature on condition that the authority has no debts or obligations outstanding or that provision has been made for the payment or retirement of all debts or obligations. Upon any such dissolution of the authority, all property, funds, and assets of the authority shall be vested in this state. History: 2005, Act 226, Imd. Eff. Nov. 21, 2005
MI Comp L § 129.274 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 226 of 2005 - Michigan Tobacco Settlement Finance Authority Act (129.261 - 129.279)|Section 129.274 - Construction of Act.

129.274 Construction of act.Sec. 14.  This act and all powers granted hereby shall be liberally construed to effectuate its intent and their purposes, without implied limitations on the powers of the authority, the state budget director, and the state treasurer. This act shall constitute full, complete, and additional authority for all things that are contemplated in this act to be done. All rights and powers granted in this act shall be cumulative with those derived from other sources and shall not, except as expressly stated in this act, be construed in limitation of those rights and powers. Insofar as the provisions of this act are inconsistent with the provisions of any other act, general or special, the provisions of this act shall be controlling. If any clause, paragraph, section, or part of this act is adjudged by any court of competent jurisdiction to be invalid, that judgment shall not affect, impair, or invalidate the remainder of the clause, paragraph, section, or part but shall be applied in its operation to the clause, sentence, paragraph, section, or part directly involved in the controversy in which the judgment shall have been rendered. History: 2005, Act 226, Imd. Eff. Nov. 21, 2005
MI Comp L § 129.275 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 226 of 2005 - Michigan Tobacco Settlement Finance Authority Act (129.261 - 129.279)|Section 129.275 - Availability of Funds.

129.275 Availability of funds.Sec. 15.  Subject to any agreements with bondholders, the authority has the power to use any funds available to purchase bonds of the authority at a price determined by the authority. History: 2005, Act 226, Imd. Eff. Nov. 21, 2005
MI Comp L § 129.276 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 226 of 2005 - Michigan Tobacco Settlement Finance Authority Act (129.261 - 129.279)|Section 129.276 - Report.

129.276 Report.Sec. 16.  The authority shall submit an annual report no later than March 1 relating to its activities for the preceding calendar year to the governor, the speaker and minority leader of the house of representatives, and the majority and minority leaders of the senate. History: 2005, Act 226, Imd. Eff. Nov. 21, 2005
MI Comp L § 129.277 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 226 of 2005 - Michigan Tobacco Settlement Finance Authority Act (129.261 - 129.279)|Section 129.277 - Appropriation.

129.277 Appropriation.Sec. 17.  (1) One million dollars is appropriated from the general fund to the authority for the fiscal year ending September 30, 2006 for all of the following purposes:  (a) Payment of operating expenses of the authority.  (b) Funding any reserve requirements.  (2) Money appropriated under this section that is not expended before the end of the state fiscal year ending September 30, 2006 shall not revert to the general fund and may be retained and used by the authority for the purposes authorized by subsection (1). History: 2005, Act 226, Imd. Eff. Nov. 21, 2005
MI Comp L § 129.278 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 226 of 2005 - Michigan Tobacco Settlement Finance Authority Act (129.261 - 129.279)|Section 129.278 - Legal Jurisdiction.

129.278 Legal jurisdiction.Sec. 18.  Except as otherwise provided in this section, any legal action against the authority shall be brought in the Michigan court of appeals, which shall have exclusive jurisdiction. However, any legal actions against the authority seeking money damages shall be brought in the Michigan court of claims, which shall have exclusive original jurisdiction with respect to actions against the authority seeking money damages. History: 2005, Act 226, Imd. Eff. Nov. 21, 2005
MI Comp L § 129.279 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 226 of 2005 - Michigan Tobacco Settlement Finance Authority Act (129.261 - 129.279)|Section 129.279 - Severability.

129.279 Severability.Sec. 19.  This act is declared to be severable. If any portion of this act or the application of this act to any person or circumstances is found to be invalid by a court, the invalidity of that portion or application shall not affect the remaining portions or applications that can be given effect without the invalid portion or application, provided the remaining portions are not determined by the court to be inoperable. History: 2005, Act 226, Imd. Eff. Nov. 21, 2005
MI Comp L § 129.291 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 234 of 2008 - Divestment From Terror Act (129.291 - 129.301)|Section 129.291 - Short Title.

129.291 Short title.Sec. 1.  This act shall be known and may be cited as the "divestment from terror act". History: 2008, Act 234, Imd. Eff. July 17, 2008