reglab/housing_qa huggingface dataset:
MI Comp L § 141.1068 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 227 of 1985 - Shared Credit Rating Act (141.1051 - 141.1078)|Section 141.1068 - Liability on Bonds or Notes.

141.1068 Liability on bonds or notes. Sec. 18.  Neither the members of the authority nor any person executing bonds or notes issued under this act shall be liable personally on the bonds or notes by reason of their issuance. History: 1985, Act 227, Eff. Mar. 31, 1986
MI Comp L § 141.1069 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 227 of 1985 - Shared Credit Rating Act (141.1051 - 141.1078)|Section 141.1069 - Purchasing, Holding, Canceling, or Reselling Bonds or Notes of Authority.

141.1069 Purchasing, holding, canceling, or reselling bonds or notes of authority. Sec. 19.  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: 1985, Act 227, Eff. Mar. 31, 1986
MI Comp L § 141.1070 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 227 of 1985 - Shared Credit Rating Act (141.1051 - 141.1078)|Section 141.1070 - State Pledge to and Agreement With Holders of Bonds or Notes.

141.1070 State pledge to and agreement with holders of bonds or notes. Sec. 20.  This state pledges to and agrees with the holders of bonds or notes issued under this act that this state shall not limit or restrict the rights vested in the authority by this act to do any 1 or more of the following:  (a) Purchase, acquire, hold, sell, or dispose of municipal obligations or other investments.  (b) Make loans to a governmental unit.  (c) Establish and collect fees or other charges as are convenient or necessary to produce sufficient revenues to meet the expenses of operation of the authority.  (d) 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 authority bonds or notes 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: 1985, Act 227, Eff. Mar. 31, 1986 ;-- Am. 1988, Act 316, Eff. Sept. 1, 1988 ;-- Am. 2000, Act 416, Imd. Eff. Jan. 8, 2001
MI Comp L § 141.1071 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 227 of 1985 - Shared Credit Rating Act (141.1051 - 141.1078)|Section 141.1071 - Investment of Sinking Fund, Money, or Other Fund by Banking Business, Insurance Business, or Fiduciary in Bonds or Notes; Bonds or Notes as Security for Public Deposits.

141.1071 Investment of sinking fund, money, or other fund by banking business, insurance business, or fiduciary in bonds or notes; bonds or notes as security for public deposits. Sec. 21.  Notwithstanding any restriction contained in any other law, the state and a public officer, governmental unit, or agencies of the state or governmental unit; 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 a sinking fund, money, or other fund belonging to them or within their control in bonds or notes issued under this act, and authority bonds or notes shall be authorized security for public deposits. History: 1985, Act 227, Eff. Mar. 31, 1986
MI Comp L § 141.1072 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 227 of 1985 - Shared Credit Rating Act (141.1051 - 141.1078)|Section 141.1072 - Property and Income of Authority; Public Property; Public Purpose; Exemptions From Taxes and Special Assessments.

141.1072 Property and income of authority; public property; public purpose; exemptions from taxes and special assessments. Sec. 22.  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 subdivision of the state. Bonds or notes issued by the authority, and the interest on and income from those bonds and notes, is exempt from all taxation of the state or a subdivision of the state. History: 1985, Act 227, Eff. Mar. 31, 1986
MI Comp L § 141.1074 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 227 of 1985 - Shared Credit Rating Act (141.1051 - 141.1078)|Section 141.1074 - Agreement by Governmental Unit Upon Sale or Issuance of Municipal Obligations; Additional Powers of Authority.

141.1074 Agreement by governmental unit upon sale or issuance of municipal obligations; additional powers of authority. Sec. 24.  (1) Upon the sale and issuance of municipal obligations to the authority by a governmental unit, that governmental unit shall be held and considered to have agreed to all of the following if the governmental unit fails to pay the interest on or the principal of the municipal obligations held or owned by the authority as and when due and payable:  (a) That the governmental unit waives all and any defenses to the nonpayment and the authority upon the nonpayment shall constitute a holder or owner of the municipal obligations as being in default.  (b) That, notwithstanding the provisions of any other law as to time or duration of default or percentage of holders or owners of municipal obligations entitled to exercise rights of holders or owners of municipal obligations in default, or entitled to invoke any remedies or powers of holders or owners of or of a trustee in connection with or of a board, body, agency, or commission of the state having jurisdiction in the matter or circumstances of municipal obligations in default, the authority may immediately avail itself of all other remedies, rights, and provisions of law applicable in such a circumstance.  (c) That the failure to exercise or exert any rights or remedies within any time or period provided by law shall not be raised as a defense by that governmental unit.  (d) That all of the obligations of the issue of municipal obligations of that governmental unit as to which there has been such a nonpayment shall for all of the purposes of this section be held and considered to have become due and payable and to be unpaid.  (2) The authority may carry out the provisions of this section and exercise all of the rights and remedies and provisions of law provided or referred to in this section. History: 1985, Act 227, Eff. Mar. 31, 1986
MI Comp L § 141.1075 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 227 of 1985 - Shared Credit Rating Act (141.1051 - 141.1078)|Section 141.1075 - Construction of Act.

141.1075 Construction of act. Sec. 25.  (1) This act 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 act and all powers granted shall be broadly interpreted to effectuate the intent and purposes and not as a limitation of powers.  (2) This act shall be construed liberally to assure compliance with the federal water pollution control act and with any applicable rules promulgated under that act, and with the federal safe drinking water act and with any applicable rules promulgated under that act. History: 1985, Act 227, Eff. Mar. 31, 1986 ;-- Am. 1988, Act 316, Eff. Sept. 1, 1988 ;-- Am. 1997, Act 27, Imd. Eff. June 17, 1997
MI Comp L § 141.1076 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 227 of 1985 - Shared Credit Rating Act (141.1051 - 141.1078)|Section 141.1076 - Severability.

141.1076 Severability. Sec. 26.  If a section, subsection, subdivision, clause, or provision of this act is adjudged unconstitutional or is ineffective, the remainder of this act shall be valid and effective. Any other section, subsection, subdivision, clause, or provision of this act shall not on account of that judgment be considered invalid or ineffective and the inapplicability or invalidity of a section, subsection, subdivision, clause, or provision of this act in 1 or more instances or under 1 or more circumstances shall not be taken to affect or prejudice in any way its applicability or validity in any other instance or under any other circumstance. History: 1985, Act 227, Eff. Mar. 31, 1986
MI Comp L § 141.1077 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 227 of 1985 - Shared Credit Rating Act (141.1051 - 141.1078)|Section 141.1077 - Repealed. 2000, Act 416, Imd. Eff. Jan. 8, 2001.

141.1077 Repealed. 2000, Act 416, Imd. Eff. Jan. 8, 2001. Compiler's Notes: The repealed section pertained to the issuance of new bonds or notes after December 31, 2000.
MI Comp L § 141.1078 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 227 of 1985 - Shared Credit Rating Act (141.1051 - 141.1078)|Section 141.1078 - Repealed. 1996, Act 241, Imd. Eff. June 10, 1996.

141.1078 Repealed. 1996, Act 241, Imd. Eff. June 10, 1996. Compiler's Notes: The repealed section pertained to contracts to invest governmental unit's money.
MI Comp L § 141.1301 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 182 of 1990 - County Redistribution of Federal Payments (141.1301 - 141.1304)|Section 141.1301 - Definitions.

141.1301 Definitions. Sec. 1.  As used in this act:  (a) "County payment program" means the program authorized under chapter 192, 35 Stat. 260, 16 U.S.C. 500, including the secure rural schools and community self-determination act of 2000.  (b) "Department" means the department of natural resources.  (c) "Director" means the director of the department.  (d) "Full payment amount" and "25-percent payment" mean those terms as defined in the secure rural schools and community self-determination act of 2000.  (e) "Local school district" means that term as defined in section 6 of the revised school code, 1976 PA 451, MCL 380.6.  (f) "National forest" means federally owned land for which money is paid to the state under the county payment program, as that land is situated on June 30 of the fiscal year for which the money is paid.  (g) "Secure rural schools and community self-determination act of 2000" means sections 1(a), 2, and 3 and titles I to IV of Public Law 106-393, 114 Stat. 1607, 16 U.S.C. 500 nt, as amended by section 751 of title VII of the agriculture, rural development, food and drug administration, and related agencies appropriations act, 2002, Public Law 107-76, 115 Stat. 739. History: 1990, Act 182, Imd. Eff. July 18, 1990 ;-- Am. 2003, Act 6, Imd. Eff. May 9, 2003 Compiler's Notes: For transfer of powers and duties of department of natural resources to department of natural resources and environment, and abolishment of department of natural resources, see E.R.O. No. 2009-31, compiled at MCL 324.99919.For transfer of powers and duties of department of natural resources and environment to department of natural resources, see E.R.O. No. 2011-1, compiled at MCL 324.99921.
MI Comp L § 141.1302 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 182 of 1990 - County Redistribution of Federal Payments (141.1301 - 141.1304)|Section 141.1302 - Redistribution of Federal Payments; Purposes; Ratio; Apportionment of Money Among Local School Districts and Townships.

141.1302 Redistribution of federal payments; purposes; ratio; apportionment of money among local school districts and townships. Sec. 2.  A county that receives a payment under section 33 of title III of the Bankhead-Jones farm tenant act, 7 U.S.C. 1012, shall redistribute that payment in a ratio of 75% to local school districts for school purposes and 25% to townships for the improvement of county roads within those townships. The treasurer of the county shall apportion among the local school districts and townships, in an equitable manner consistent with criteria determined by resolution of the county board of commissioners, money redistributed under this section. History: 1990, Act 182, Imd. Eff. July 18, 1990
MI Comp L § 141.1304 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 182 of 1990 - County Redistribution of Federal Payments (141.1301 - 141.1304)|Section 141.1304 - Repeal of MCL 388.831 to 388.833.

141.1304 Repeal of MCL 388.831 to 388.833. Sec. 4.  Act No. 37 of the Public Acts of 1933, being sections 388.831 to 388.833 of the Michigan Compiled Laws, is repealed. History: 1990, Act 182, Imd. Eff. July 18, 1990
MI Comp L § 141.1321 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 25 of 2007 - Convention and Tourism Promotion Act (141.1321 - 141.1328)|Section 141.1321 - Short Title.

141.1321 Short title.Sec. 1.  This act shall be known and may be cited as the "convention and tourism promotion act". History: 2007, Act 25, Imd. Eff. June 28, 2007
MI Comp L § 141.1321a (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 25 of 2007 - Convention and Tourism Promotion Act (141.1321 - 141.1328)|Section 141.1321a - Legislative Findings.

141.1321a Legislative findings.Sec. 1a.  (1) The legislature finds all of the following:  (a) Tourism is a major source of employment, income, and tax revenues in this state, and the expansion of the tourism industry is vital to the growth of this state's economy.  (b) The tourism industry is important to this state, not only because of the number of people it serves and the vast human, financial, and physical resources it employs, but because of the benefits tourism and related activities confer on individuals and on society as a whole.  (c) State oversight and resources are needed to implement a coordinated and effective marketing program consistent with the master plan developed by this state to promote travel to, and within, this state under the Michigan tourism policy act, 1945 PA 106, MCL 2.101 to 2.103a, and to optimize the considerable investment of time, energy, capital, and resources being made by the tourism industry.  (d) This state can best undertake effective tourism marketing through the coordinated efforts of existing state government agencies in tourism promotion and private convention and tourism promotional bureaus who are better able than state agencies to market and promote their unique assessment districts, which will maximize the economic and employment benefits of the tourism industry to this state and its citizens.  (e) The coordinated efforts within this act to market and promote tourism represent a broader regulator scheme that does not impinge on an individual's First Amendment rights.  (2) Nothing in this act shall be construed to do 1 or more of the following:  (a) Restrain an owner or participant from communicating its own message or marketing plan.  (b) Require any owner or participant to adopt any actual or symbolic speech.  (c) Endorse or finance any political speech or ideological view. History: Add. 2018, Act 464, Eff. Mar. 29, 2019
MI Comp L § 141.1324 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 25 of 2007 - Convention and Tourism Promotion Act (141.1321 - 141.1328)|Section 141.1324 - Marketing Program; Provisions.

141.1324 Marketing program; provisions.Sec. 4.  A marketing program may include all or any of the following:  (a) Provisions for establishing and paying the costs of advertising, marketing, and promotional programs to encourage convention business and tourism in the assessment district.  (b) Provisions for assisting transient facilities within the assessment district in promoting convention business and tourism.  (c) Provisions for the acquisition of personal property considered appropriate by the bureau in furtherance of the purposes of the marketing program.  (d) Provisions for the hiring of and payment for personnel employed by the bureau to implement the marketing program.  (e) Provisions for contracting with organizations, agencies, or persons for carrying out activities in furtherance of the purposes of the marketing program.  (f) Programs for establishing and paying the costs of research designed to encourage convention business and tourism in the assessment district. History: 2007, Act 25, Imd. Eff. June 28, 2007
MI Comp L § 141.1325 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 25 of 2007 - Convention and Tourism Promotion Act (141.1321 - 141.1328)|Section 141.1325 - Payment by Owner of Transient Facility in Assessment District; Copies of Use Tax Returns; Forwarding to Certified Public Accountants; Interest; Liability for Payment; Notice Required.

141.1325 Payment by owner of transient facility in assessment district; copies of use tax returns; forwarding to certified public accountants; interest; liability for payment; notice required.Sec. 5.  (1) Upon the effective date of an assessment, each owner of a transient facility in the assessment district shall be liable for payment of the assessment, computed using the percentage set forth in the marketing program notice. The assessment shall be paid by the owner of each such transient facility to the bureau within 30 days after the end of each calendar month and shall be accompanied by a statement of room charges imposed with respect to the transient facility for that month. This act shall not prohibit a transient facility from reimbursing itself by adding the assessment imposed pursuant to this act to room charges payable by transient guests, provided that the transient facility discloses that it has done so on any bill presented to a transient guest.  (2) Within 30 days after the close of each calendar quarter, each owner within an assessment district shall forward to the independent certified public accountants who audit the financial statements of the bureau copies of its use tax returns for the preceding quarter. These copies of the use tax returns shall be used solely by the certified public accountants to verify and audit the owner's payment of the assessments and shall not be disclosed to the bureau except as necessary to enforce this act.   (3) Interest shall be paid by an owner to the bureau on any assessments not paid within the time called for under this act. The interest shall accrue at the rate of 1.5% per month. Owners delinquent for more than 90 days in paying assessments, in addition to the 1.5% interest, shall pay a delinquency charge of 10% per month or fraction of a month on the amount of the delinquent assessments. The bureau may sue in its own name to collect the assessments, interest, and delinquency charges.  (4) The owner of a transient facility shall not be liable for payment of an assessment until a notice has been mailed to the transient facility of the owner pursuant to section 3(5). History: 2007, Act 25, Imd. Eff. June 28, 2007
MI Comp L § 141.1326 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 25 of 2007 - Convention and Tourism Promotion Act (141.1321 - 141.1328)|Section 141.1326 - State Funds Prohibited; Disposition of Money; Disbursement; Financial Statements; Audit; Mailing.

141.1326 State funds prohibited; disposition of money; disbursement; financial statements; audit; mailing.Sec. 6.  (1) The assessment revenues collected pursuant to this act shall not be state funds. The money shall be deposited in a bank or other depository in this state, in the name of the bureau, and disbursed only for the expenses properly incurred by the bureau with respect to the marketing programs developed by the bureau under this act.  (2) The financial statements of the bureau shall be audited at least annually by a certified public accountant. A copy of the audited financial statements shall be mailed to each owner not more than 150 days after the close of the bureau's fiscal year. The financial statements shall include a statement of all assessment revenues received by the bureau during the fiscal year in question and shall be accompanied by a detailed report, certified as correct by the chief operating officer of the bureau, describing the marketing programs implemented or, to the extent then known, to be implemented by the bureau.  (3) Copies of the audited financial statements and the certified report shall simultaneously be mailed to the director. History: 2007, Act 25, Imd. Eff. June 28, 2007
MI Comp L § 141.1327 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 25 of 2007 - Convention and Tourism Promotion Act (141.1321 - 141.1328)|Section 141.1327 - Advisory Committee.

141.1327 Advisory committee.Sec. 7.  (1) Upon the effective date of the establishment of an assessment under this act, the bureau shall cause an advisory committee to be elected consisting of representatives of the owners of transient facilities located within the assessment district, together with the director or the director's designated representative.  (2) The advisory committee shall consist of not fewer than 5 or more than 9 persons, at least 1 of whom shall not be affiliated with a bureau member. The advisory committee shall include at least 1 member who is affiliated with a transient facility of 120 rooms or fewer. Procedures for the election and terms of the office of the members of the advisory committee shall be established by the bureau.  (3) The bureau at regular intervals, but not less than quarterly, shall cause a formal meeting of the advisory committee to be held at which the bureau shall present its current and proposed marketing programs. At these formal meetings the advisory committee shall review and either approve or reject any proposed marketing programs. An approved marketing program shall be instituted by the bureau. A rejected marketing program shall not be instituted by the bureau.  (4) The advisory committee may make recommendations to the bureau and the board from time to time with respect to current or proposed marketing programs. History: 2007, Act 25, Imd. Eff. June 28, 2007
MI Comp L § 141.1327a (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 25 of 2007 - Convention and Tourism Promotion Act (141.1321 - 141.1328)|Section 141.1327a - Board Meeting; Annual Marketing Plan.

141.1327a Board meeting; annual marketing plan.Sec. 7a.  The board at regular intervals, but not less than twice per year, shall convene a formal meeting at which the board shall review its current annual marketing plan and its proposed annual marketing plan for the succeeding 1-year period. Once a year at these formal meetings, the board shall review and either approve or reject the proposed annual marketing plan. Subject to section 7b, an approved annual marketing plan shall be instituted by the bureau. A rejected marketing plan shall not be instituted by the bureau. History: Add. 2018, Act 464, Eff. Mar. 29, 2019