reglab/housing_qa huggingface dataset:
MI Comp L § 324.21527 (2021)
2021 Michigan Compiled Laws|Chapter 324 - Natural Resources and Environmental Protection|Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)|Article II - Pollution Control (324.3101...324.21563)|451-1994-II-8 - Chapter 8 Underground Storage Tanks (324.21101...324.21563)|451-1994-II-8-215 - Part 215 Underground Storage Tank Corrective Action Funding (324.21501...324.21563)|Section 324.21527 - Assessment; Bonds or Notes; Issuance; Indebtedness, Liability, or Obligations of State Not Created; Payment; Expenses.

324.21527 Assessment; bonds or notes; issuance; indebtedness, liability, or obligations of state not created; payment; expenses.Sec. 21527.  (1) The authority shall assess the potential demand for payment of claims under this part and shall provide the results of the assessment to the finance authority. Upon review of the results of the assessment, if the finance authority determines that it is prudent to do so, the finance authority may issue bonds or notes.  (2) The finance authority may authorize and issue its bonds or notes payable solely from the revenues or funds available to the fund under section 21508. Bonds or notes of the finance authority are not a debt or liability of the state, do not create or constitute any indebtedness, liability, or obligation of the state, and do not constitute a pledge of the faith and credit of the state. All finance authority bonds and notes are payable solely from revenues or funds pledged or available for their payment as authorized in this part. Each bond and note shall contain on its face a statement to the effect that the authority is obligated to pay the principal of and the interest on the bond or note only from revenues or from funds of the finance authority pledged for such payment and that the state is not obligated to pay that principal or interest and that neither the faith and credit nor the taxing power of the state is pledged to the payment of the principal of or the interest on the bond or note.  (3) All expenses incurred in implementing this part are payable solely from revenues or funds provided or to be provided under this part. This part does not authorize the finance authority to incur any indebtedness or liability on behalf of or payable by the state. History: 1994, Act 451, Eff. Mar. 30, 1995 ;-- Am. 2014, Act 416, Imd. Eff. Dec. 30, 2014 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.21530 (2021)
2021 Michigan Compiled Laws|Chapter 324 - Natural Resources and Environmental Protection|Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)|Article II - Pollution Control (324.3101...324.21563)|451-1994-II-8 - Chapter 8 Underground Storage Tanks (324.21101...324.21563)|451-1994-II-8-215 - Part 215 Underground Storage Tank Corrective Action Funding (324.21501...324.21563)|Section 324.21530 - Bonds or Notes; Assurance of Timely Payments; Costs of Issuance.

324.21530 Bonds or notes; assurance of timely payments; costs of issuance. Sec. 21530.  (1) The authority may authorize and approve an insurance contract, an agreement for a line of credit, a letter of credit, a commitment to purchase bonds or notes, an agreement to remarket bonds or notes, an agreement to manage payment, revenue or interest rate exposure, and any other transaction to provide security to assure timely payment of a bond or note.  (2) The authority may authorize payment from the proceeds of the bonds or notes, or other funds available, of the cost of issuance including, but not limited to, fees for placement, charges for insurance, letters of credit, lines of credit, remarketing agreements, agreements to manage payment, revenue or interest rate exposure, reimbursement agreements, or purchase or sales agreements or commitments, or agreements to provide security to assure timely payment of bonds or notes. History: 1994, Act 451, Eff. Mar. 30, 1995 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.21531 (2021)
2021 Michigan Compiled Laws|Chapter 324 - Natural Resources and Environmental Protection|Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)|Article II - Pollution Control (324.3101...324.21563)|451-1994-II-8 - Chapter 8 Underground Storage Tanks (324.21101...324.21563)|451-1994-II-8-215 - Part 215 Underground Storage Tank Corrective Action Funding (324.21501...324.21563)|Section 324.21531 - Members of Board of Directors, Executive Director, or Other Officer; Powers.

324.21531 Members of board of directors, executive director, or other officer; powers.Sec. 21531.  Within limitations that are contained in the issuance or authorization resolution of the finance authority, the finance authority may authorize a member of the board of directors, the executive director, or any other officer of the finance authority to do 1 or more of the following:  (a) Sell and deliver and receive payment for bonds or notes.  (b) Refund bonds or notes by the delivery of new bonds or notes whether or not the bonds or notes to be refunded are mature or subject to redemption.  (c) Deliver bonds or notes, partly to refund bonds or notes and partly for any other authorized purpose.  (d) Buy issued bonds or notes and resell those bonds or notes.  (e) Approve interest rates or methods for fixing interest rates, prices, discounts, maturities, principal amounts, denominations, dates of issuance, interest payment dates, redemption rights at the option of the authority or the holder, the place of delivery and payment, and other matters and procedures necessary to complete the transactions authorized.  (f) Direct the investment of any and all funds of the finance authority.  (g) Approve the terms of an insurance contract, an agreement for a line of credit, a letter of credit, a commitment to purchase notes or bonds, an agreement to remarket bonds or notes, or any other transaction to provide security to assure timely payment of a bond or note or an agreement to manage payment, revenue, or interest rate exposure.  (h) Execute any power, duty, function, or responsibility of the finance authority. History: 1994, Act 451, Eff. Mar. 30, 1995 ;-- Am. 2014, Act 416, Imd. Eff. Dec. 30, 2014 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.21533 (2021)
2021 Michigan Compiled Laws|Chapter 324 - Natural Resources and Environmental Protection|Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)|Article II - Pollution Control (324.3101...324.21563)|451-1994-II-8 - Chapter 8 Underground Storage Tanks (324.21101...324.21563)|451-1994-II-8-215 - Part 215 Underground Storage Tank Corrective Action Funding (324.21501...324.21563)|Section 324.21533 - Pledge as Valid and Binding; Lien.

324.21533 Pledge as valid and binding; lien. Sec. 21533.  A pledge made by the authority is valid and binding from the time the pledge is made. The money or property pledged by the authority is immediately subject to the lien of the pledge without a physical delivery or further act. The lien of a pledge is valid and binding against parties having claims of any kind in tort, contract, or otherwise against the authority, and is valid and binding as against the transfers of the money or property pledged, irrespective of whether parties have notice. Neither the resolution, the trust agreement, nor any other instrument by which a pledge is created is required to be recorded to establish and perfect a lien or security interest in the pledged property. History: 1994, Act 451, Eff. Mar. 30, 1995 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.21534 (2021)
2021 Michigan Compiled Laws|Chapter 324 - Natural Resources and Environmental Protection|Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)|Article II - Pollution Control (324.3101...324.21563)|451-1994-II-8 - Chapter 8 Underground Storage Tanks (324.21101...324.21563)|451-1994-II-8-215 - Part 215 Underground Storage Tank Corrective Action Funding (324.21501...324.21563)|Section 324.21534 - Disposition of Proceeds.

324.21534 Disposition of proceeds. Sec. 21534.  The proceeds of bonds or notes issued pursuant to this part shall be deposited into the fund or bond proceeds account as authorized or designated by resolution indenture or other agreement of the authority. History: 1994, Act 451, Eff. Mar. 30, 1995 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.21535 (2021)
2021 Michigan Compiled Laws|Chapter 324 - Natural Resources and Environmental Protection|Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)|Article II - Pollution Control (324.3101...324.21563)|451-1994-II-8 - Chapter 8 Underground Storage Tanks (324.21101...324.21563)|451-1994-II-8-215 - Part 215 Underground Storage Tank Corrective Action Funding (324.21501...324.21563)|Section 324.21535 - Personal Liability.

324.21535 Personal liability. Sec. 21535.  A member of the authority, any person executing bonds or notes issued under this part, or any person executing any agreement on behalf of the authority is not liable personally on the bonds or notes by reason of their issuance. History: 1994, Act 451, Eff. Mar. 30, 1995 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.21536 (2021)
2021 Michigan Compiled Laws|Chapter 324 - Natural Resources and Environmental Protection|Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)|Article II - Pollution Control (324.3101...324.21563)|451-1994-II-8 - Chapter 8 Underground Storage Tanks (324.21101...324.21563)|451-1994-II-8-215 - Part 215 Underground Storage Tank Corrective Action Funding (324.21501...324.21563)|Section 324.21536 - Holders of Bonds or Notes; Rights and Remedies Not Limited, Restricted, or Impaired.

324.21536 Holders of bonds or notes; rights and remedies not limited, restricted, or impaired. Sec. 21536.  The state pledges to and agrees with the holders of bonds or notes issued under this part that the state shall not limit or restrict the rights vested in the authority by this part to fulfill the terms of an agreement made with the holders of authority bonds or notes, or in any way impair the rights or remedies of the holders of the bonds or notes of the authority until the bonds and notes, together with interest on the bonds or notes and interest on any unpaid installments of interest, and all costs and expenses in connection with an action or proceedings by or on behalf of those holders are fully met, paid, and discharged. History: 1994, Act 451, Eff. Mar. 30, 1995 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.21537 (2021)
2021 Michigan Compiled Laws|Chapter 324 - Natural Resources and Environmental Protection|Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)|Article II - Pollution Control (324.3101...324.21563)|451-1994-II-8 - Chapter 8 Underground Storage Tanks (324.21101...324.21563)|451-1994-II-8-215 - Part 215 Underground Storage Tank Corrective Action Funding (324.21501...324.21563)|Section 324.21537 - Persons Authorized to Invest Funds; Authority Bonds or Notes as Security for Public Deposits.

324.21537 Persons authorized to invest funds; authority bonds or notes as security for public deposits. Sec. 21537.  Notwithstanding any restriction contained in any other law, the state and a public officer, local unit of government, or agency of the state or a local unit of government; a bank, trust company, savings bank and institution, savings and loan association, investment company, or other person carrying on a banking business; an insurance company, insurance association, or other person carrying on an insurance business; or an executor, administrator, guardian, trustee, or other fiduciary may legally invest funds belonging to them or within their control in bonds or notes issued under this part, and authority bonds or notes shall be authorized security for public deposits. History: 1994, Act 451, Eff. Mar. 30, 1995 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.21538 (2021)
2021 Michigan Compiled Laws|Chapter 324 - Natural Resources and Environmental Protection|Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)|Article II - Pollution Control (324.3101...324.21563)|451-1994-II-8 - Chapter 8 Underground Storage Tanks (324.21101...324.21563)|451-1994-II-8-215 - Part 215 Underground Storage Tank Corrective Action Funding (324.21501...324.21563)|Section 324.21538 - Property and Income of Authority; Bonds or Notes as Exempt From Tax.

324.21538 Property and income of authority; bonds or notes as exempt from tax. Sec. 21538.  (1) Property of the authority is public property devoted to an essential public and governmental function and purpose. Income of the authority is for a public purpose.  (2) The property of the authority and its income and operation are exempt from all taxes and special assessments of the state or a political subdivision of the state.  (3) Bonds or notes issued by the authority, and the interest on and income from those bonds and notes, are exempt from all taxation of the state or a political subdivision of the state. History: 1994, Act 451, Eff. Mar. 30, 1995 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.21539 (2021)
2021 Michigan Compiled Laws|Chapter 324 - Natural Resources and Environmental Protection|Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)|Article II - Pollution Control (324.3101...324.21563)|451-1994-II-8 - Chapter 8 Underground Storage Tanks (324.21101...324.21563)|451-1994-II-8-215 - Part 215 Underground Storage Tank Corrective Action Funding (324.21501...324.21563)|Section 324.21539 - Construction of Part.

324.21539 Construction of part. Sec. 21539.  This part shall be construed liberally to effectuate the legislative intent and the purposes as complete and independent authority for the performance of each and every act and thing authorized by this part, and all powers granted shall be broadly interpreted to effectuate the intent and purposes and not as a limitation of powers. History: 1994, Act 451, Eff. Mar. 30, 1995 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.21540 (2021)
2021 Michigan Compiled Laws|Chapter 324 - Natural Resources and Environmental Protection|Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)|Article II - Pollution Control (324.3101...324.21563)|451-1994-II-8 - Chapter 8 Underground Storage Tanks (324.21101...324.21563)|451-1994-II-8-215 - Part 215 Underground Storage Tank Corrective Action Funding (324.21501...324.21563)|Section 324.21540 - Rules.

324.21540 Rules. Sec. 21540.  The authority may promulgate rules as necessary to implement sections 21523 to 21539. History: 1994, Act 451, Eff. Mar. 30, 1995 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.21541 (2021)
2021 Michigan Compiled Laws|Chapter 324 - Natural Resources and Environmental Protection|Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)|Article II - Pollution Control (324.3101...324.21563)|451-1994-II-8 - Chapter 8 Underground Storage Tanks (324.21101...324.21563)|451-1994-II-8-215 - Part 215 Underground Storage Tank Corrective Action Funding (324.21501...324.21563)|Section 324.21541 - Repealed. 2012, Act 113, Imd. Eff. May 1, 2012.

324.21541 Repealed. 2012, Act 113, Imd. Eff. May 1, 2012. Compiler's Notes: For abolishment of the Michigan underground storage tank financial assurance policy board to the department of environmental quality and transfer of its powers and duties to the department of environmental quality, see E.R.O. No. 2007-4, compiled at MCL 324.99906.The repealed section pertained to creation of Michigan underground storage tank financial assurance policy board.Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.21542 (2021)
2021 Michigan Compiled Laws|Chapter 324 - Natural Resources and Environmental Protection|Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)|Article II - Pollution Control (324.3101...324.21563)|451-1994-II-8 - Chapter 8 Underground Storage Tanks (324.21101...324.21563)|451-1994-II-8-215 - Part 215 Underground Storage Tank Corrective Action Funding (324.21501...324.21563)|Section 324.21542 - Repealed. 2012, Act 113, Imd. Eff. May 1, 2012.

324.21542 Repealed. 2012, Act 113, Imd. Eff. May 1, 2012. Compiler's Notes: For abolishment of the Michigan underground storage tank financial assurance policy board to the department of environmental quality and transfer of its powers and duties to the department of environmental quality, see E.R.O. No. 2007-4, compiled at MCL 324.99906.The repealed section pertained to list of qualified underground storage tank consultants.Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.21543 (2021)
2021 Michigan Compiled Laws|Chapter 324 - Natural Resources and Environmental Protection|Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)|Article II - Pollution Control (324.3101...324.21563)|451-1994-II-8 - Chapter 8 Underground Storage Tanks (324.21101...324.21563)|451-1994-II-8-215 - Part 215 Underground Storage Tank Corrective Action Funding (324.21501...324.21563)|Section 324.21543 - Repealed. 2012, Act 113, Imd. Eff. May 1, 2012.

324.21543 Repealed. 2012, Act 113, Imd. Eff. May 1, 2012. Compiler's Notes: The repealed section pertained to certification of individual as underground storage tank professional.Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.21544 (2021)
2021 Michigan Compiled Laws|Chapter 324 - Natural Resources and Environmental Protection|Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)|Article II - Pollution Control (324.3101...324.21563)|451-1994-II-8 - Chapter 8 Underground Storage Tanks (324.21101...324.21563)|451-1994-II-8-215 - Part 215 Underground Storage Tank Corrective Action Funding (324.21501...324.21563)|Section 324.21544 - Rules.

324.21544 Rules. Sec. 21544.  The department and the department of treasury may promulgate rules necessary to implement this part. History: 1994, Act 451, Eff. Mar. 30, 1995 Popular Name: Act 451Popular Name: NREPAAdmin Rule: R 324.21501 et seq. of the Michigan Administrative Code.
MI Comp L § 324.21545 (2021)
2021 Michigan Compiled Laws|Chapter 324 - Natural Resources and Environmental Protection|Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)|Article II - Pollution Control (324.3101...324.21563)|451-1994-II-8 - Chapter 8 Underground Storage Tanks (324.21101...324.21563)|451-1994-II-8-215 - Part 215 Underground Storage Tank Corrective Action Funding (324.21501...324.21563)|Section 324.21545 - Repealed. 2014, Act 416, Imd. Eff. Dec. 30, 2014.

324.21545 Repealed. 2014, Act 416, Imd. Eff. Dec. 30, 2014. Compiler's Notes: The repealed section pertained to promulgation of administrative rules.
MI Comp L § 324.21546 (2021)
2021 Michigan Compiled Laws|Chapter 324 - Natural Resources and Environmental Protection|Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)|Article II - Pollution Control (324.3101...324.21563)|451-1994-II-8 - Chapter 8 Underground Storage Tanks (324.21101...324.21563)|451-1994-II-8-215 - Part 215 Underground Storage Tank Corrective Action Funding (324.21501...324.21563)|Section 324.21546 - Liability; Constitutionality of Part.

324.21546 Liability; constitutionality of part.Sec. 21546.  (1) This part does not create any liability on behalf of the state. This part shall not be construed as making the state the guarantor of the fund.  (2) This part does not relieve any person who may be eligible to submit a claim to the authority from any liability that he or she may incur as the owner or operator of a refined petroleum underground storage tank system. The state is not assuming the liability of an owner or operator eligible for funding under this part; it is only providing assistance to such owners or operators in meeting the financial responsibility requirements.  (3) If all bonds or notes of the finance authority payable from the fund have been fully paid or provided for and if any provision of this part is found to be unconstitutional by a court of competent jurisdiction and the allowable time for filing an appeal has expired or the appellant has exhausted all of his or her avenues of appeal, this whole part shall be considered unconstitutional and invalid. History: 1994, Act 451, Eff. Mar. 30, 1995 ;-- Am. 1996, Act 181, Imd. Eff. May 3, 1996 ;-- Am. 2004, Act 390, Imd. Eff. Oct. 12, 2004 ;-- Am. 2014, Act 416, Imd. Eff. Dec. 30, 2014 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.21547 (2021)
2021 Michigan Compiled Laws|Chapter 324 - Natural Resources and Environmental Protection|Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)|Article II - Pollution Control (324.3101...324.21563)|451-1994-II-8 - Chapter 8 Underground Storage Tanks (324.21101...324.21563)|451-1994-II-8-215 - Part 215 Underground Storage Tank Corrective Action Funding (324.21501...324.21563)|Section 324.21547 - Repealed. 2014, Act 416, Imd. Eff. Dec. 30, 2014.

324.21547 Repealed. 2014, Act 416, Imd. Eff. Dec. 30, 2014. Compiler's Notes: The repealed section pertained to availability and cost of environmental impairment insurance.
MI Comp L § 324.21549 (2021)
2021 Michigan Compiled Laws|Chapter 324 - Natural Resources and Environmental Protection|Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)|Article II - Pollution Control (324.3101...324.21563)|451-1994-II-8 - Chapter 8 Underground Storage Tanks (324.21101...324.21563)|451-1994-II-8-215 - Part 215 Underground Storage Tank Corrective Action Funding (324.21501...324.21563)|Section 324.21549 - Repealed. 2014, Act 416, Imd. Eff. Dec. 30, 2014.

324.21549 Repealed. 2014, Act 416, Imd. Eff. Dec. 30, 2014. Compiler's Notes: The repealed section pertained to providing information contributing to fine or conviction.
MI Comp L § 324.21550 (2021)
2021 Michigan Compiled Laws|Chapter 324 - Natural Resources and Environmental Protection|Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)|Article II - Pollution Control (324.3101...324.21563)|451-1994-II-8 - Chapter 8 Underground Storage Tanks (324.21101...324.21563)|451-1994-II-8-215 - Part 215 Underground Storage Tank Corrective Action Funding (324.21501...324.21563)|Section 324.21550 - Repealed. 2014, Act 416, Imd. Eff. Dec. 30, 2014.

324.21550 Repealed. 2014, Act 416, Imd. Eff. Dec. 30, 2014. Compiler's Notes: The repealed section pertained to repeal of MCL 324.21508 and the authority's obligation to pay off bonds or notes.
MI Comp L § 324.21551 (2021)
2021 Michigan Compiled Laws|Chapter 324 - Natural Resources and Environmental Protection|Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)|Article II - Pollution Control (324.3101...324.21563)|451-1994-II-8 - Chapter 8 Underground Storage Tanks (324.21101...324.21563)|451-1994-II-8-215 - Part 215 Underground Storage Tank Corrective Action Funding (324.21501...324.21563)|Section 324.21551 - Repealed. 2014, Act 416, Imd. Eff. Dec. 30, 2014.

324.21551 Repealed. 2014, Act 416, Imd. Eff. Dec. 30, 2014. Compiler's Notes: The repealed section pertained to payment for interest subsidies, work invoices, and requests for indemnification.
MI Comp L § 324.21552 (2021)
2021 Michigan Compiled Laws|Chapter 324 - Natural Resources and Environmental Protection|Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)|Article II - Pollution Control (324.3101...324.21563)|451-1994-II-8 - Chapter 8 Underground Storage Tanks (324.21101...324.21563)|451-1994-II-8-215 - Part 215 Underground Storage Tank Corrective Action Funding (324.21501...324.21563)|Section 324.21552 - Repealed. 2006, Act 318, Eff. Dec. 31, 2006.

324.21552 Repealed. 2006, Act 318, Eff. Dec. 31, 2006. Compiler's Notes: The repealed section pertained to the refined petroleum cleanup advisory council.Popular Name: Act 451Popular Name: NREPA