reglab/housing_qa huggingface dataset:
MI Comp L § 324.50513 (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 III - Natural Resources Management (324.30101...324.83109)|451-1994-III-2 - Chapter 2 Management of Renewable Resources (324.40101...324.53519)|451-1994-III-2-4 - Subchapter 4 Forests (324.50101...324.53519)|451-1994-III-2-4-THE-TIMBER-INDUSTRY - The Timber Industry (324.50101...324.50707)|451-1994-III-2-4-THE-TIMBER-INDUSTRY-505 - Part 505 Michigan Forest Finance Authority (324.50501...324.50522)|Section 324.50513 - Bonds or Notes; Authority of Board Member, Executive Director, or Other Officer of Authority.

324.50513 Bonds or notes; authority of board member, executive director, or other officer of authority. Sec. 50513.  Within limitations that shall be contained in the issuance or authorization resolution of the authority, the authority may authorize a member of the board, the executive director, or other officer of the authority to do 1 or more of the following:  (a) Sell and deliver, and receive payment for notes or bonds.  (b) Refund notes or bonds by the delivery of new notes or bonds whether or not the notes or bonds to be refunded have matured or are subject to redemption.  (c) Deliver notes or bonds, partly to refund notes or bonds and partly for any other authorized purpose.  (d) Buy notes or bonds so issued and resell those notes or bonds.  (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 authority.  (g) Approve the terms of a contract, including, but not limited to, a contract for the sale or cutting of timber, and execute and deliver the contract subject to the restrictions of this part.  (h) Approve terms of any insurance contract, agreement for a line of credit, a letter of credit, a commitment to purchase notes or bonds, an agreement to remarket bonds or notes, an agreement to manage payment, revenue, or interest rate exposure, or any other transaction to provide security to assure timely payment of a bond or note.  (i) Perform any power, duty, function, or responsibility of the authority. History: Add. 1995, Act 57, Imd. Eff. May 24, 1995 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.50515 (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 III - Natural Resources Management (324.30101...324.83109)|451-1994-III-2 - Chapter 2 Management of Renewable Resources (324.40101...324.53519)|451-1994-III-2-4 - Subchapter 4 Forests (324.50101...324.53519)|451-1994-III-2-4-THE-TIMBER-INDUSTRY - The Timber Industry (324.50101...324.50707)|451-1994-III-2-4-THE-TIMBER-INDUSTRY-505 - Part 505 Michigan Forest Finance Authority (324.50501...324.50522)|Section 324.50515 - Pledge.

324.50515 Pledge. Sec. 50515.  A pledge made by the authority shall be valid and binding from the time the pledge is made. The money or property pledged and then received by the authority immediately is subject to the lien of the pledge without a physical delivery or further act. The lien of a pledge is valid and binding as 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 need be recorded in order to establish and perfect a lien or security interest in the property so pledged. History: Add. 1995, Act 57, Imd. Eff. May 24, 1995 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.50516 (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 III - Natural Resources Management (324.30101...324.83109)|451-1994-III-2 - Chapter 2 Management of Renewable Resources (324.40101...324.53519)|451-1994-III-2-4 - Subchapter 4 Forests (324.50101...324.53519)|451-1994-III-2-4-THE-TIMBER-INDUSTRY - The Timber Industry (324.50101...324.50707)|451-1994-III-2-4-THE-TIMBER-INDUSTRY-505 - Part 505 Michigan Forest Finance Authority (324.50501...324.50522)|Section 324.50516 - Personal Liability on Bonds or Notes.

324.50516 Personal liability on bonds or notes. Sec. 50516.  Neither the members of the authority nor any person executing bonds or notes issued under this part or any person executing any agreement on behalf of the authority is liable personally on the bonds or notes by reason of their issuance. History: Add. 1995, Act 57, Imd. Eff. May 24, 1995 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.50517 (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 III - Natural Resources Management (324.30101...324.83109)|451-1994-III-2 - Chapter 2 Management of Renewable Resources (324.40101...324.53519)|451-1994-III-2-4 - Subchapter 4 Forests (324.50101...324.53519)|451-1994-III-2-4-THE-TIMBER-INDUSTRY - The Timber Industry (324.50101...324.50707)|451-1994-III-2-4-THE-TIMBER-INDUSTRY-505 - Part 505 Michigan Forest Finance Authority (324.50501...324.50522)|Section 324.50517 - Purchasing, Holding, Canceling, or Reselling Bonds or Notes.

324.50517 Purchasing, holding, canceling, or reselling bonds or notes. Sec. 50517.  The authority may purchase bonds or notes of the authority out of funds or money of the authority available for that purpose. The authority may hold, cancel, or resell authority bonds or notes subject to or in accordance with an agreement with holders of authority bonds or notes. History: Add. 1995, Act 57, Imd. Eff. May 24, 1995 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.50518 (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 III - Natural Resources Management (324.30101...324.83109)|451-1994-III-2 - Chapter 2 Management of Renewable Resources (324.40101...324.53519)|451-1994-III-2-4 - Subchapter 4 Forests (324.50101...324.53519)|451-1994-III-2-4-THE-TIMBER-INDUSTRY - The Timber Industry (324.50101...324.50707)|451-1994-III-2-4-THE-TIMBER-INDUSTRY-505 - Part 505 Michigan Forest Finance Authority (324.50501...324.50522)|Section 324.50518 - Rights and Remedies.

324.50518 Rights and remedies. Sec. 50518.  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: Add. 1995, Act 57, Imd. Eff. May 24, 1995 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.50519 (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 III - Natural Resources Management (324.30101...324.83109)|451-1994-III-2 - Chapter 2 Management of Renewable Resources (324.40101...324.53519)|451-1994-III-2-4 - Subchapter 4 Forests (324.50101...324.53519)|451-1994-III-2-4-THE-TIMBER-INDUSTRY - The Timber Industry (324.50101...324.50707)|451-1994-III-2-4-THE-TIMBER-INDUSTRY-505 - Part 505 Michigan Forest Finance Authority (324.50501...324.50522)|Section 324.50519 - Bonds or Notes as Legal Investments; Security.

324.50519 Bonds or notes as legal investments; security. Sec. 50519.  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: Add. 1995, Act 57, Imd. Eff. May 24, 1995 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.50520 (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 III - Natural Resources Management (324.30101...324.83109)|451-1994-III-2 - Chapter 2 Management of Renewable Resources (324.40101...324.53519)|451-1994-III-2-4 - Subchapter 4 Forests (324.50101...324.53519)|451-1994-III-2-4-THE-TIMBER-INDUSTRY - The Timber Industry (324.50101...324.50707)|451-1994-III-2-4-THE-TIMBER-INDUSTRY-505 - Part 505 Michigan Forest Finance Authority (324.50501...324.50522)|Section 324.50520 - Property and Income of Authority; Exemption From Taxes and Special Assessments; Bonds or Notes Exempt From Taxation.

324.50520 Property and income of authority; exemption from taxes and special assessments; bonds or notes exempt from taxation. Sec. 50520.  Property of the authority is public property devoted to an essential public and governmental function and purpose. Income of the authority is considered to be for a public purpose. 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. 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: Add. 1995, Act 57, Imd. Eff. May 24, 1995 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.50521 (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 III - Natural Resources Management (324.30101...324.83109)|451-1994-III-2 - Chapter 2 Management of Renewable Resources (324.40101...324.53519)|451-1994-III-2-4 - Subchapter 4 Forests (324.50101...324.53519)|451-1994-III-2-4-THE-TIMBER-INDUSTRY - The Timber Industry (324.50101...324.50707)|451-1994-III-2-4-THE-TIMBER-INDUSTRY-505 - Part 505 Michigan Forest Finance Authority (324.50501...324.50522)|Section 324.50521 - Liberal Construction; Broad Interpretation.

324.50521 Liberal construction; broad interpretation. Sec. 50521.  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: Add. 1995, Act 57, Imd. Eff. May 24, 1995 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.50522 (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 III - Natural Resources Management (324.30101...324.83109)|451-1994-III-2 - Chapter 2 Management of Renewable Resources (324.40101...324.53519)|451-1994-III-2-4 - Subchapter 4 Forests (324.50101...324.53519)|451-1994-III-2-4-THE-TIMBER-INDUSTRY - The Timber Industry (324.50101...324.50707)|451-1994-III-2-4-THE-TIMBER-INDUSTRY-505 - Part 505 Michigan Forest Finance Authority (324.50501...324.50522)|Section 324.50522 - Rules.

324.50522 Rules. Sec. 50522.  The authority may promulgate rules as necessary to implement this part. History: Add. 1995, Act 57, Imd. Eff. May 24, 1995 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.50701 (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 III - Natural Resources Management (324.30101...324.83109)|451-1994-III-2 - Chapter 2 Management of Renewable Resources (324.40101...324.53519)|451-1994-III-2-4 - Subchapter 4 Forests (324.50101...324.53519)|451-1994-III-2-4-THE-TIMBER-INDUSTRY - The Timber Industry (324.50101...324.50707)|451-1994-III-2-4-THE-TIMBER-INDUSTRY-507 - Part 507 Forest Management Demonstration Program (324.50701...324.50707)|Section 324.50701 - Conveyance by Department of Leasehold Interest in State-Owned Property to Certain Counties; Designation of Forest Lands to Be Leased; Maximum Term of Leasehold Interest; Renewal; Recreational Use of Property During Leasehold.

324.50701 Conveyance by department of leasehold interest in state-owned property to certain counties; designation of forest lands to be leased; maximum term of leasehold interest; renewal; recreational use of property during leasehold. Sec. 50701.  (1) In a county in which more than 50% of the land is owned by the state and in which the county annual average unemployment rate exceeds the state annual average unemployment rate, as determined by the Michigan employment security commission, due to reductions in staff at a state facility located in the county, the department is authorized to convey a leasehold interest, without monetary consideration, to the county in not more than 1% of the state owned property located in the county and under the control of the department. The county forestry committee created pursuant to section 50703, in cooperation with the department, shall designate the specific sections of property to be leased. The property designated pursuant to this subsection shall not include forest lands located in state parks or lands useful for forest preserves, game areas, and recreational purposes, including wilderness areas, quiet areas, or other special use areas. The property designated pursuant to this subsection shall consist of forest lands previously designated by the department for timber production and suitable for use in the forest management demonstration program established pursuant to this part.  (2) The term of a leasehold interest authorized by this part shall not exceed 15 years, but the leasehold interest shall be renewable for an additional 15 years if the primary objectives of the forest management demonstration program established pursuant to this part are met, as determined by the department.  (3) During the term of the leasehold interest authorized by this part, the leased property shall be open to the public for hunting, fishing, and other recreational uses as considered appropriate by the department. History: Add. 1995, Act 57, Imd. Eff. May 24, 1995 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.50702 (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 III - Natural Resources Management (324.30101...324.83109)|451-1994-III-2 - Chapter 2 Management of Renewable Resources (324.40101...324.53519)|451-1994-III-2-4 - Subchapter 4 Forests (324.50101...324.53519)|451-1994-III-2-4-THE-TIMBER-INDUSTRY - The Timber Industry (324.50101...324.50707)|451-1994-III-2-4-THE-TIMBER-INDUSTRY-507 - Part 507 Forest Management Demonstration Program (324.50701...324.50707)|Section 324.50702 - Use of Leased Property; Purposes; Use and Disposition of Proceeds; Implementation of Forest Management Demonstration Program.

324.50702 Use of leased property; purposes; use and disposition of proceeds; implementation of forest management demonstration program. Sec. 50702.  (1) The property leased pursuant to this part shall be used by the county only for the following purposes:   (a) To establish a forest management demonstration program to produce forest products for the purpose of economic development in the county.  (b) To make forest land available to the local school districts for educational purposes.  (2) The proceeds from the forest management demonstration program shall be used exclusively for economic development in the county and, if the county has established an economic development corporation under the economic development corporations act, Act No. 338 of the Public Acts of 1974, being sections 125.1601 to 125.1636 of the Michigan Compiled Laws, shall be deposited in the fund of the county established pursuant to section 27 of Act No. 338 of the Public Acts of 1974, being section 125.1627 of the Michigan Compiled Laws. If the county economic development corporation is dissolved, the proceeds from the forest management demonstration program shall be transferred to and deposited in the general fund of the county. If the county has not established an economic development corporation, the proceeds from the forest management demonstration project shall be deposited in the general fund of the county. The forest management demonstration program shall be implemented by the county forestry committee created pursuant to section 50703. In implementing the forest management demonstration program, the county forestry committee shall cooperate with the department in all matters pertaining to forest management.  History: Add. 1995, Act 57, Imd. Eff. May 24, 1995 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.50703 (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 III - Natural Resources Management (324.30101...324.83109)|451-1994-III-2 - Chapter 2 Management of Renewable Resources (324.40101...324.53519)|451-1994-III-2-4 - Subchapter 4 Forests (324.50101...324.53519)|451-1994-III-2-4-THE-TIMBER-INDUSTRY - The Timber Industry (324.50101...324.50707)|451-1994-III-2-4-THE-TIMBER-INDUSTRY-507 - Part 507 Forest Management Demonstration Program (324.50701...324.50707)|Section 324.50703 - County Forestry Committee; Creation; Appointment, Qualifications, and Terms of Members; Approval of Committee Actions; Vacancy.

324.50703 County forestry committee; creation; appointment, qualifications, and terms of members; approval of committee actions; vacancy.Sec. 50703.  A county forestry committee is created for purposes of this part and shall consist of 5 members who shall be appointed by the county board of commissioners. Two members of the county forestry committee shall be foresters registered under part 535, 1 member shall be a member of the county economic development corporation, 1 member shall be a member of the county board of commissioners, and 1 member shall be a resident of the county who is not a county official or employee. If the county has not established an economic development corporation under the economic development corporations act, 1974 PA 338, MCL 125.1601 to 125.1636, 2 members shall be residents of the county who are not county officials or employees. The members of the county forestry committee shall be appointed for a term of 4 years, except that of the first appointments, 2 shall be for a term of 4 years, 1 shall be for a term of 3 years, 1 shall be for a term of 2 years, and 1 shall be for a term of 1 year. All actions of the county forestry committee shall be approved by the county board of commissioners. A vacancy on the county forestry committee shall be filled by the county board of commissioners for the remainder of the unexpired term. History: Add. 1995, Act 57, Imd. Eff. May 24, 1995 ;-- Am. 2018, Act 116, Eff. July 25, 2018 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.50704 (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 III - Natural Resources Management (324.30101...324.83109)|451-1994-III-2 - Chapter 2 Management of Renewable Resources (324.40101...324.53519)|451-1994-III-2-4 - Subchapter 4 Forests (324.50101...324.53519)|451-1994-III-2-4-THE-TIMBER-INDUSTRY - The Timber Industry (324.50101...324.50707)|451-1994-III-2-4-THE-TIMBER-INDUSTRY-507 - Part 507 Forest Management Demonstration Program (324.50701...324.50707)|Section 324.50704 - Instrument Conveying Leasehold Interest; Approval by Attorney General.

324.50704 Instrument conveying leasehold interest; approval by attorney general. Sec. 50704.  An instrument conveying a leasehold interest in real property authorized by this part shall be approved by the attorney general. History: Add. 1995, Act 57, Imd. Eff. May 24, 1995 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.50705 (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 III - Natural Resources Management (324.30101...324.83109)|451-1994-III-2 - Chapter 2 Management of Renewable Resources (324.40101...324.53519)|451-1994-III-2-4 - Subchapter 4 Forests (324.50101...324.53519)|451-1994-III-2-4-THE-TIMBER-INDUSTRY - The Timber Industry (324.50101...324.50707)|451-1994-III-2-4-THE-TIMBER-INDUSTRY-507 - Part 507 Forest Management Demonstration Program (324.50701...324.50707)|Section 324.50705 - Conveyance to Provide for Use of Property; Termination of Lease.

324.50705 Conveyance to provide for use of property; termination of lease. Sec. 50705.  The conveyance authorized by this part shall provide that the property be used exclusively for the purposes set forth in section 50702(1), and that termination of either or both of those purposes or the use of the property for any other purpose constitutes grounds for termination of the lease. History: Add. 1995, Act 57, Imd. Eff. May 24, 1995 Popular Name: Act 451Popular Name: NREPA
MI Comp L § 324.50706 (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 III - Natural Resources Management (324.30101...324.83109)|451-1994-III-2 - Chapter 2 Management of Renewable Resources (324.40101...324.53519)|451-1994-III-2-4 - Subchapter 4 Forests (324.50101...324.53519)|451-1994-III-2-4-THE-TIMBER-INDUSTRY - The Timber Industry (324.50101...324.50707)|451-1994-III-2-4-THE-TIMBER-INDUSTRY-507 - Part 507 Forest Management Demonstration Program (324.50701...324.50707)|Section 324.50706 - Submission of Forest Management Plan.

324.50706 Submission of forest management plan.Sec. 50706.  Within 30 days after the execution of a lease authorized by this part, the county forestry committee shall submit to the department for approval a forest management plan prepared by a forester registered under part 535. History: Add. 1995, Act 57, Imd. Eff. May 24, 1995 ;-- Am. 2018, Act 116, Eff. July 25, 2018 Popular Name: Act 451Popular Name: NREPA