reglab/statecodes huggingface dataset:
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 47 of 1945 - Hospital Authority (331.1 - 331.11) › Section 331.1 - Hospital Authority; Formation; Issuance and Purpose of Bonds; Enlargement of Powers; “Hospitals” and “Community Hospitals and Related Facilities” Defined.

331.1 Hospital authority; formation; issuance and purpose of bonds; enlargement of powers; “hospitals” and “community hospitals and related facilities” defined.
Sec. 1.
(1) Two or more cities, villages, or townships, or a combination of cities, villages, or townships, by resolution of their respective legislative bodies, approved by a majority vote of the qualified electors of each of those cities, villages, or townships, may join to form a hospital authority and issue bonds for the purpose of planning, promoting, acquiring, constructing, improving, enlarging, extending, owning, maintaining, and operating, either within or without the city, village, or township limits, 1 or more community hospitals and related buildings or structures and related facilities, subject to the tax limitation provided in this act. The power granted in this section shall be considered an enlargement of a power granted to a city, village, or township by its respective charter or the laws of this state.
(2) As used in this act, "hospitals" and "community hospitals and related facilities" mean buildings or structures and related facilities suitable, intended for, incidental, or ancillary to the care of the sick, wounded, or elderly, or for the care of persons requiring medical treatment and buildings or structures and related facilities shared by 1 or more hospitals, including an outpatient clinic; an ambulatory care facility; a long-term care facility; an assisted living facility; a home for the aged; a senior citizen housing facility; a health and wellness facility; a diagnostic facility; a shared service facility; a laundry; a nurse's, doctor's, or intern's residence; an administration building; a building or structure used for research directly involved with medical care; a maintenance, storage, or utility building and related equipment; a parking lot or garage; furnishings; and the land necessary or convenient for use for the building or structure; an office facility not less than 80% of which is intended for lease or use by direct providers of health care, and which has been determined by the department of public health to meet a demonstrated need and is geographically or functionally related to 1 or more hospital facilities, if the authority determines that the financing of the office facility is necessary to accomplish the purposes and objectives of this act.
History:
1945, Act 47, Imd. Eff. Mar. 15, 1945 ;-- CL 1948, 331.1 ;-- Am. 1952, Act 170, Imd. Eff. Apr. 24, 1952 ;-- Am. 1960, Act 65, Imd. Eff. Apr. 25, 1960 ;-- Am. 1973, Act 161, Imd. Eff. Dec. 14, 1973 ;-- Am. 1977, Act 71, Imd. Eff. July 27, 1977 ;-- Am. 1978, Act 617, Imd. Eff. Jan. 6, 1979 ;-- Am. 2006, Act 473, Imd. Eff. Dec. 20, 2006
Popular Name:
Municipal Hospital Authority Act
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 47 of 1945 - Hospital Authority (331.1 - 331.11) › Section 331.8 - Bonds; Issuance; Purpose; Liability; Payment; Sale; Interest Rate; Bonds Subject to Revised Municipal Finance Act.

331.8 Bonds; issuance; purpose; liability; payment; sale; interest rate; bonds subject to revised municipal finance act.
Sec. 8.
(1) The hospital authority board may issue self-liquidating bonds of the authority in accordance with the provisions of this act, for the purpose of acquiring, purchasing, constructing, improving, enlarging, or repairing community hospitals or refunding any outstanding bonds previously issued or for the joint purposes of refunding any outstanding bonds together with the issuance of additional bonds for any of the other purposes authorized. The bonds shall not impose any liability upon the cities, villages, and townships included in the hospital authority, other than on the amounts that are assessed against the respective municipalities as provided for in this act, which amounts or any portion of those amounts may be pledged by the governing body of the hospital authority for the payment of the bonds for a period not exceeding 40 years. The amount required to be paid by any municipality under this act shall be considered to be a part of the revenues of the hospital authority and shall be first used to meet the current requirements for the bond and interest redemption fund, including the reserve requirements, for outstanding obligations of the hospital authority. The bonds shall be sold for not less than par and shall bear interest at a rate not in excess of the maximum rate permitted by the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.
(2) Bonds issued for capital improvements under section 8b and bonds issued under this act that are supported by a pledge of the governing body for payment are subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.
(3) Except as otherwise provided in subsections (1) and (2), bonds issued under this act are not subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.
History:
1945, Act 47, Imd. Eff. Mar. 15, 1945 ;-- CL 1948, 331.8 ;-- Am. 1952, Act 170, Imd. Eff. Apr. 24, 1952 ;-- Am. 1959, Act 19, Imd. Eff. Apr. 30, 1959 ;-- Am. 1973, Act 161, Imd. Eff. Dec. 14, 1973 ;-- Am. 2002, Act 435, Imd. Eff. June 10, 2002
Popular Name:
Municipal Hospital Authority Act
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 47 of 1945 - Hospital Authority (331.1 - 331.11) › Section 331.8a - Borrowing Money and Issuing Notes; Purpose; Resolution; Maturity; Validation of Notes Previously Issued; Bonds and Notes Subject to Agency Financing Reporting Act.

331.8a Borrowing money and issuing notes; purpose; resolution; maturity; validation of notes previously issued; bonds and notes subject to agency financing reporting act.
Sec. 8a.
(1) The hospital board operating a community hospital under this act may, by a resolution adopted by a majority vote of the entire governing board, borrow money and issue notes, which shall mature not more than 1 year from the date of their issuance, for the purpose of meeting current expenses of operation and maintenance of the hospital. The resolution shall provide for the pledging of income and revenues of the hospital authority for the payment of the notes, and shall also provide for a special sinking fund into which there shall first be paid, as collected, a sufficient sum from the revenues of the hospital authority pledges to retire both the principal and interest of the notes at maturity. The resolution may also provide for the pledging of other assets of the hospital authority as additional security for the payment of the notes. Notes issued under this section and amounts assessed under section 8m are not subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821. Any notes issued by a hospital authority before the effective date of this act or an amendment to this act are hereby validated, ratified, and confirmed as though the notes and the proceedings relating to their issuance had been fully authorized by statutes existing at the time of their issuance.
(2) Except for the bonds described in section 8(2), the issuance of bonds and notes under this act is subject to the agency financing reporting act.
History:
Add. 1949, Act 62, Eff. Sept. 23, 1949 ;-- Am. 1980, Act 104, Imd. Eff. Apr. 30, 1980 ;-- Am. 2002, Act 435, Imd. Eff. June 10, 2002
Popular Name:
Municipal Hospital Authority Act
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 47 of 1945 - Hospital Authority (331.1 - 331.11) › Section 331.8b - Hospital Board; Bonds for Capital Improvements in Anticipation of Collection of Additional Tax Levy; Levy for Payment of Bonds and Interest.

331.8b Hospital board; bonds for capital improvements in anticipation of collection of additional tax levy; levy for payment of bonds and interest.
Sec. 8b.
If the authority desires to issue bonds for capital improvements in anticipation of the collection of any additional tax levy not exceeding 2 mills, voted by the electors as provided in section 4, the hospital board may provide for their issuance in accordance with section 8 of this act but the last maturity date thereof shall not extend beyond 1 year after the expiration of the voted increase and no annual installment of principal and interest on the bonds shall exceed an amount equal to the voted increase computed on the basis of the last equalized tax assessment roll prior to the issuance of the bonds. Each year there shall be levied by the member units and paid to the authority an amount sufficient to pay the annual interest and principal on the bonds and no limitation in this or any other statute or in any charter shall prevent the levy and collection of the full amount of taxes required for the payment of the bonds and the interest thereon as they shall become due.
History:
Add. 1967, Act 31, Imd. Eff. June 2, 1967
Popular Name:
Municipal Hospital Authority Act
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 47 of 1945 - Hospital Authority (331.1 - 331.11) › Section 331.8d - Bonds; Contents of Authorizing Resolution; Serial; Installments; Form; Execution; Payment of Principal and Interest; Registration.

331.8d Bonds; contents of authorizing resolution; serial; installments; form; execution; payment of principal and interest; registration.
Sec. 8d.
(1) The resolution authorizing the issuance of bonds shall state a brief description of the contemplated project, the estimated cost thereof, the estimated period of usefulness thereof, and the amount and maximum rate of interest and time of payment of the bonds. The bonds shall be serial bonds payable either semiannually or annually with the first installment not more than 5 years from the date thereof and the last installment not longer than the estimated period of usefulness of the project for which the bonds are issued. The bonds shall bear interest payable semiannually, except that the first coupon may be for any number of months not exceeding 10. Except as otherwise provided in this act an annual installment payable after 4 years from the date thereof may not be less than 1/5 the amount of a subsequent installment of the same series of bonds. The bonds and coupons shall be substantially in the form provided in the authorizing resolution and shall be executed in the manner prescribed in the resolution, which, as to coupons, may be by facsimile signature. The bonds and coupons shall be made payable in lawful money of the United States of America and shall be exempt from any and all taxation whatsoever by this state or by any taxing authority within the state.
(2) The principal of and interest upon the bonds shall be payable from the net revenues derived from the operation of the hospitals of the authority as shall be pledged thereto in the authorizing resolution, which revenue shall include net revenues derived by reason of hospitals subsequently acquired or improvements, enlargements, extensions, or repairs thereto, to be thereafter acquired. The principal and interest may be payable from amounts which are assessed against a member city, township, or village as provided in this act. The bonds may be made registrable as to principal or as to principal and interest under such terms and conditions as may be determined by the hospital authority board in the resolution authorizing the bonds.
History:
Add. 1973, Act 161, Imd. Eff. Dec. 14, 1973
Popular Name:
Municipal Hospital Authority Act
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 47 of 1945 - Hospital Authority (331.1 - 331.11) › Section 331.8e - Bonds; Creation of Lien in Authorizing Resolution; Nature and Effect of Lien; Default; Receiver.

331.8e Bonds; creation of lien in authorizing resolution; nature and effect of lien; default; receiver.
Sec. 8e.
(1) There shall be created in the authorizing resolution a lien, by this act made a statutory lien upon all net revenues, including as a part thereof, the assessments against a member city, township, or village as provided in this act pledged to the payment of the principal of and interest on the bonds, to and in favor of the holders of the bonds and the interest coupons pertaining thereto. This lien shall be a first lien upon the revenues and amounts pledged, except where a prior lien exists, then the new lien shall be subject thereto.
(2) The revenues and amounts so pledged shall be and remain subject to the statutory lien until the payment in full of the principal of and interest upon the bonds. The holder or holders of bonds representing in the aggregate not less than 20% of the entire issue then outstanding may by suit, action, or other proceeding protect and enforce the statutory lien and enforce and compel the performance of all duties of the officials of the hospital authority, including the fixing of sufficient rates, the collection of revenues, the proper segregation of revenues, the proper application thereof, and the imposition and collection of assessments against a member city, township, or village assessed in accordance with this act. However, the statutory lien shall not be construed to give the holders or owners of a bond or coupon authority to compel the sale of any of the hospitals the revenues of which are pledged.
(3) If a payment of principal or interest on the bonds is in default, a court having jurisdiction in any proper action may appoint a receiver to administer and operate on behalf of the hospital authority, under direction of the court, any hospital the revenues of which are pledged to the payment of principal and interest. With the approval of the court the receiver may fix and charge rates and collect revenues sufficient to provide for the payment of bonds or other obligations outstanding against the revenues of the hospital, and for the payment of operating and maintenance expenses, and to apply the income and revenues of the hospital in conformity with this act, the resolution providing for the issuance of the bonds, and in accordance with orders of the court.
History:
Add. 1973, Act 161, Imd. Eff. Dec. 14, 1973
Popular Name:
Municipal Hospital Authority Act
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 47 of 1945 - Hospital Authority (331.1 - 331.11) › Section 331.8f - Bonds; Public Sale; Notice; Publication; Private Sale.

331.8f Bonds; public sale; notice; publication; private sale.
Sec. 8f.
Except as provided herein, bonds may not be sold except at public sale, after notice by publication at least 14 days before the sale in a publication printed in the English language and circulated in this state which carries as part of its regular service notices of sale of municipal bonds and which was approved by the department of treasury as a publication complying with the foregoing qualifications. If the hospital authority received a bid or bids at the time fixed for public sale which was rejected by the hospital authority board, then the bonds may be sold at private sale within 60 days thereafter at a price not less than the highest bid received at the public offering. If the hospital authority offered the bonds at a public offering and did not receive a bid, then the bonds may be sold at private sale within 60 days after that last public offering. During a period in which bonds may be sold at private sale the hospital authority board may enter into an agreement for delivery of the bonds in payment for the cost of the particular project for which the bonds are to be issued. Notwithstanding any of the foregoing provisions, bonds may be sold without a second public offering to the federal government or any agency thereof at private sale within 60 days after the first public offering at a price not less than the highest bid, if any, received at the first public offering.
History:
Add. 1973, Act 161, Imd. Eff. Dec. 14, 1973 ;-- Am. 1983, Act 78, Imd. Eff. June 6, 1983
Popular Name:
Municipal Hospital Authority Act
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 47 of 1945 - Hospital Authority (331.1 - 331.11) › Section 331.8g - Bonds as Negotiable Instruments.

331.8g Bonds as negotiable instruments.
Sec. 8g.
Such bonds shall have all the qualities of a negotiable instrument by the law merchant and the uniform commercial code.
History:
Add. 1973, Act 161, Imd. Eff. Dec. 14, 1973
Popular Name:
Municipal Hospital Authority Act
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 47 of 1945 - Hospital Authority (331.1 - 331.11) › Section 331.8h - Bonds; Deposit or Investment of Sale Proceeds; Use of Moneys Received From Sale; Cancellation of Bonds Acquired by Purchase; Payment of Capitalized Interest.

331.8h Bonds; deposit or investment of sale proceeds; use of moneys received from sale; cancellation of bonds acquired by purchase; payment of capitalized interest.
Sec. 8h.
(1) The hospital authority shall require the proceeds of the sale of bonds issued under this act to be deposited in an account separate from other moneys of the hospital authority in 1 or more banks or savings and loan associations each having unimpaired capital and surplus amounting to at least $2,000,000.00 or which is insured by the federal deposit insurance corporation or the federal savings and loan insurance corporation. However, the proceeds may be invested in whole or in part in the manner provided in this act if the investment is authorized in the resolution authorizing the bonds or approved by the department of treasury.
(2) All moneys received from the sale of bonds shall be used solely for the purpose for which the bonds were authorized including any engineering, legal, and other expenses incidental thereto, and including the payment of interest on the bonds during a period not to exceed the first 3 years following the date of the bonds and the amount required for operation and maintenance prior to the receipt of the first revenues. An unexpended balance of the proceeds from the sale of the bonds remaining after completion of the project for which issued, may, to the extent of 15% of the amount of the issue, be used for the improvement or enlargement of hospitals of the hospital authority or may be used to defray the cost of additional hospitals of the hospital authority, if approved by the department of treasury. A remaining balance shall be paid immediately into the bond and interest redemption fund and used only for the redemption or purchase, at no more than the fair market value, of outstanding bonds the issue from which the proceeds were derived. Any bonds so acquired by purchase shall be canceled and shall not be reissued. A resolution authorizing bonds shall state the period for which interest is to be capitalized, and upon receipt of the proceeds of the bonds there shall be set aside therefrom in the bond and interest redemption fund the amount of interest which will accrue during such period at the interest rate or rates specified in the bonds. Moneys so set aside, except for the temporary investment thereof, shall be used solely for the payment of such capitalized interest.
History:
Add. 1973, Act 161, Imd. Eff. Dec. 14, 1973 ;-- Am. 1983, Act 78, Imd. Eff. June 6, 1983
Popular Name:
Municipal Hospital Authority Act
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 47 of 1945 - Hospital Authority (331.1 - 331.11) › Section 331.8i - Free Service by Hospital Prohibited; Rates for Services.

331.8i Free service by hospital prohibited; rates for services.
Sec. 8i.
Free service may not be furnished by a hospital, the revenues of which are pledged for the payment of bonds, to a person, firm, or corporation, public or private, or to a public agency or instrumentality. The reasonable cost and value of a service rendered to a public agency, including a member city, township, or village, shall be paid for as the service accrues from its current funds and the charges when so paid shall be accounted for in the same manner as other revenues of the hospitals. Rates for services furnished by a hospital, the revenues of which are pledged for the payment of bonds, shall be fixed precedent to the issuance of the bonds. The rates shall be sufficient to provide for the payment of the expenses of administration, operation, and maintenance of the hospital as may be necessary to preserve the same in good repair and working order. The rates shall be sufficient to provide for the payment of principal of and interest on the bonds payable from the revenues of the hospital, as, and when, the same become due and payable, taking into account, however, amounts assessed or to be assessed against a member city, township, or village as provided in this act, and for the creation of any reserve for the payment of principal and interest as required in the resolution. The rates shall be sufficient to provide for such other expenditures and funds for the hospital as the resolution may require. The rates shall be fixed and revised from time to time by the hospital authority board so as to produce these amounts, and the hospital authority board shall covenant and agree in the resolution authorizing the issuance of the bonds, and on the face of each bond, to maintain at all times such rates for services furnished by such hospitals as shall be sufficient to provide for the foregoing. Rates charged for the services furnished by a hospital, the revenues of which are pledged for the payment of bonds under this act, shall not be subject to approval by any state, bureau, board, commission, or other like instrumentality or agency thereof.
History:
Add. 1973, Act 161, Imd. Eff. Dec. 14, 1973
Popular Name:
Municipal Hospital Authority Act
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 47 of 1945 - Hospital Authority (331.1 - 331.11) › Section 331.8j - Additional Bonds.

331.8j Additional bonds.
Sec. 8j.
(1) A hospital authority issuing bonds pursuant to this act may provide in the authorizing resolution for issuance of additional bonds of equal standing: (a) For completion of the project for which the bonds were issued if the bonds first authorized are insufficient therefor; (b) for the subsequent enlargement, extension, improvement, or repair of existing hospitals; or (c) for acquiring, equipping, or furnishing of a new hospital or hospitals. The additional bonds may be issued and sold from time to time as the proceeds therefrom may be necessary. The bonds when so sold shall have equal standing with those issued in the first instance. The additional bonds may be issued in separate series from the original bonds with different dates of issuance and with such changes in the form thereof as are consistent with that equality of standing.
(2) This act providing for annual installments and the amount thereof and the due date of the first installment shall not be controlling as to each such additional series, except that after 4 years from the date of the additional bonds, the total amount of bonds in the additional series and in the previously issued series of equal standing maturing in any 1 operating year shall not be less than 1/5 of the total amount of all the bonds maturing in any subsequent years. The additional bonds of equal standing may not be issued unless authorized as provided in this act.
(3) A provision in a resolution or ordinance heretofore adopted by any hospital authority board providing for the issuance of additional bonds is hereby ratified and confirmed, and any hospital authority board may issue additional bonds in accordance with that resolution or ordinance, which bonds shall be of equal standing with any bonds outstanding heretofore issued by that hospital authority.
History:
Add. 1973, Act 161, Imd. Eff. Dec. 14, 1973
Popular Name:
Municipal Hospital Authority Act
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 47 of 1945 - Hospital Authority (331.1 - 331.11) › Section 331.8k - Bonds; Authorizing Reduction to Fix Beginning and Ending Dates of Operating Year.

331.8k Bonds; authorizing reduction to fix beginning and ending dates of operating year.
Sec. 8k.
The resolution authorizing the issuance of bonds shall fix the dates of the beginning and ending of the operating year for the projects financed, subject to the right of the department of treasury to require that it corresponds with the fiscal year of the hospital authority.
History:
Add. 1973, Act 161, Imd. Eff. Dec. 14, 1973 ;-- Am. 1983, Act 78, Imd. Eff. June 6, 1983
Popular Name:
Municipal Hospital Authority Act
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 47 of 1945 - Hospital Authority (331.1 - 331.11) › Section 331.8n - Disposition of Moneys in Funds Established by Authorizing Resolution and of Moneys in Bond and Interest Redemption Fund.

331.8n Disposition of moneys in funds established by authorizing resolution and of moneys in bond and interest redemption fund.
Sec. 8n.
Moneys in the several funds established by the resolution authorizing the bonds shall be deposited with 1 or more banks designated by the hospital authority board. Moneys in the bond and interest redemption fund, including reserve moneys, shall be kept on deposit with the bank or trust company or with 1 of the banks or trust companies at which the principal and interest on the bonds are currently payable. The hospital authority board in the authorizing resolution may provide that moneys in the several funds established thereby, except moneys in the bond and interest redemption fund and moneys derived from the sale of the bonds may be kept in 1 bank account, in which event the moneys in the bank account shall be allocated on the books and records of the hospital authority to the funds in the manner provided in the authorizing resolution; or the hospital authority board may provide that the moneys in the several funds may be kept in separate depositary accounts. Moneys in the bond and interest redemption fund shall be kept in a separate depositary account. Moneys in the several funds established by the resolution authorizing the bonds may be invested in United States government obligations subject to such limitations and conditions as may be provided in the authorizing resolution. Investment of moneys in the bond and interest redemption fund being accumulated for payment of next maturing principal or interest on the bonds shall be limited to United States government obligations bearing maturity dates prior to the date of the next maturing principal or interest. In the event of any such investment, the security representing the same shall be kept on deposit with the bank or trust company having the deposit of the fund or funds from which the purchase was made.
History:
Add. 1973, Act 161, Imd. Eff. Dec. 14, 1973
Popular Name:
Municipal Hospital Authority Act
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 47 of 1945 - Hospital Authority (331.1 - 331.11) › Section 331.8p - Redemption of Bonds.

331.8p Redemption of bonds.
Sec. 8p.
The hospital authority board may make provision in the authorizing resolution for the redemption prior to maturity of bonds authorized under the provisions of this act or any part thereof. Except in the case of refunding, bonds of an issue less than all the outstanding bonds of the issue may not be called for redemption, unless the hospital authority has on hand in the bond and interest redemption fund sufficient moneys therefor not otherwise appropriated or pledged in excess of the amount of interest and principal maturing within the next 18 months from the redemption date. The premium to be paid upon the redemption of any bond shall not exceed 5% of the principal amount thereof.
History:
Add. 1973, Act 161, Imd. Eff. Dec. 14, 1973
Popular Name:
Municipal Hospital Authority Act
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 47 of 1945 - Hospital Authority (331.1 - 331.11) › Section 331.8q - Repealed. 2002, Act 435, Imd. Eff. June 10, 2002.

331.8q Repealed. 2002, Act 435, Imd. Eff. June 10, 2002.
Compiler's Notes:
The repealed section pertained to issuance of bonds by hospital authority.
Popular Name:
Municipal Hospital Authority Act
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 47 of 1945 - Hospital Authority (331.1 - 331.11) › Section 331.8r - Books of Record and Accounts; Availability of Certain Writings to Public; Statement; Misdemeanor; Proceedings to Compel Compliance; Annual Audit Report.

331.8r Books of record and accounts; availability of certain writings to public; statement; misdemeanor; proceedings to compel compliance; annual audit report.
Sec. 8r.
A hospital authority issuing bonds under this act shall install, maintain, and keep proper books of record and accounts separate entirely from other records and accounts of the hospital authority, in which full and correct entries shall be made of the dealings or transactions of or in relation to the properties, business, and affairs of the hospitals, and the revenues for which are pledged for the payment of bonds issued under this act. A writing prepared, owned, used, in the possession of, or retained by a hospital authority in the performance of an official function shall be made available to the public in compliance with the freedom of information act, Act No. 442 of the Public Acts of 1976. The hospital authority board, not later than 6 months after the close of an operating year, shall prepare on forms furnished by the department of treasury a statement in reasonable detail, sworn to by its chief accounting officer, showing the cash income and disbursements of the hospitals during the operating year and the assets and liabilities of the hospitals at the close of the year. A certified copy of the statement shall be filed with the department of treasury not later than 6 months after the close of the operating year. The hospital authority board or an officer, member, or employee of the hospital authority board, charged with the duty of compiling and furnishing the statement required in this section, who refuses or neglects to furnish the statement to the department of treasury within the time required, is guilty of a misdemeanor. The department of treasury may compel compliance with this section by appropriate proceedings brought in a court of competent jurisdiction. If the books of record and account pertaining to the hospitals are audited annually by a certified public accountant the audit report prepared by the certified public accountant shall be used in place of the statement to be prepared on forms furnished by the department of treasury, and the provisions of this section pertaining to the statement shall apply to the annual audit report.
History:
Add. 1973, Act 161, Imd. Eff. Dec. 14, 1973 ;-- Am. 1977, Act 180, Imd. Eff. Nov. 17, 1977 ;-- Am. 1983, Act 78, Imd. Eff. June 6, 1983
Popular Name:
Municipal Hospital Authority Act
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 47 of 1945 - Hospital Authority (331.1 - 331.11) › Section 331.8s - Authority and Rights of Hospital Authority; Prior Actions and Proceedings Validated.

331.8s Authority and rights of hospital authority; prior actions and proceedings validated.
Sec. 8s.
A hospital authority, heretofore organized and operating pursuant to this act, shall have all the authority and rights granted under this act or any amendments thereto, relative to the construction of community hospitals, operation of same, issuance of bonds therefor, and pledging of income and revenues therefor, including the amounts assessed to the various member communities. An action of the hospital authority board of any hospital authority in the adoption of a resolution for the issuance of bonds and any proceedings taken under the resolution and law in relation thereto prior to the effective date of this amendatory act is hereby validated, ratified, and confirmed, and the hospital authority board of any such hospital authority may issue, sell, and deliver the bonds authorized by such actions and proceedings in the manner prescribed by law.
History:
Add. 1973, Act 161, Imd. Eff. Dec. 14, 1973
Popular Name:
Municipal Hospital Authority Act
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 47 of 1945 - Hospital Authority (331.1 - 331.11) › Section 331.8t - Certificate of Need.

331.8t Certificate of need.
Sec. 8t.
A hospital authority heretofore organized and operating pursuant to this act shall, prior to expending any authority funds for the expansion of facilities or bonding for the construction of new facilities and/or the purchase of additional existing facilities shall obtain a certificate of need from the state of Michigan department of health as per Act No. 256 of the Public Acts of 1972, being section 331.454.
History:
Add. 1973, Act 161, Imd. Eff. Dec. 14, 1973
Popular Name:
Municipal Hospital Authority Act
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 47 of 1945 - Hospital Authority (331.1 - 331.11) › Section 331.10 - Violation of MCL 168.1 to 168.992 Applicable to Petitions; Penalties.

331.10 Violation of MCL 168.1 to 168.992 applicable to petitions; penalties.
Sec. 10.
A petition under section 8c or 9, including the circulation and signing of the petition, is subject to section 488 of the Michigan election law, 1954 PA 116, MCL 168.488. A person who violates a provision of the Michigan election law, 1954 PA 116, MCL 168.1 to 168.992, applicable to a petition described in this section is subject to the penalties prescribed for that violation in the Michigan election law, 1954 PA 116, MCL 168.1 to 168.992.
History:
Add. 1998, Act 186, Eff. Mar. 23, 1999
Popular Name:
Municipal Hospital Authority Act
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 47 of 1945 - Hospital Authority (331.1 - 331.11) › Section 331.11 - Declaration of Necessity.

331.11 Declaration of necessity.
Sec. 11.
This act is necessary for the protection of the public welfare, health and safety.
History:
1945, Act 47, Imd. Eff. Mar. 15, 1945 ;-- CL 1948, 331.11
Popular Name:
Municipal Hospital Authority Act
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 38 of 1969 - Hospital Finance Authority Act (331.31 - 331.84) › 38-1969-1 - Chapter 1 (331.31...331.33) › Section 331.31 - Hospital Finance Authority Act; Short Title.

331.31 Hospital finance authority act; short title.
Sec. 1.
This act shall be known and may be cited as the "hospital finance authority act".
History:
1969, Act 38, Imd. Eff. July 14, 1969
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 38 of 1969 - Hospital Finance Authority Act (331.31 - 331.84) › 38-1969-1 - Chapter 1 (331.31...331.33) › Section 331.32 - Legislative Declaration.

331.32 Legislative declaration.
Sec. 2.
It is declared that, for the benefit of the people of this state and the improvement of their health, welfare, and living conditions, it is essential that hospitals within this state be provided with appropriate means at reasonable cost to maintain, expand, enlarge, and establish health care, hospitals, nursing care, certain retirement housing, and other related facilities; that hospitals be provided with the ability to refinance indebtedness; and that authorities created or incorporated under this act be provided with the ability to refund or to refund in advance obligations issued for the benefit of hospitals. This act shall provide a method to enable hospitals in this state to provide or maintain at reasonable cost pursuant to reasonable terms the facilities, structures, and services needed to accomplish the purposes of this act, all to the public benefit and good, to the extent and manner provided in this act.
History:
1969, Act 38, Imd. Eff. July 14, 1969 ;-- Am. 1978, Act 277, Imd. Eff. July 3, 1978 ;-- Am. 1994, Act 428, Imd. Eff. Jan. 6, 1995
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 38 of 1969 - Hospital Finance Authority Act (331.31 - 331.84) › 38-1969-2 - Chapter 2 (331.41...331.46) › Section 331.43 - Hospital Loan From State Authority; Purpose; Requirements; Security; Appointment of Receiver; Limitation on Loan; Repayment; Interest.

331.43 Hospital loan from state authority; purpose; requirements; security; appointment of receiver; limitation on loan; repayment; interest.
Sec. 13.
The state authority may lend money to hospitals for the acquisition, construction, improvement, or alteration of hospital facilities. A hospital loan shall not be made unless the state authority is reasonably satisfied that there will be made available to the hospital from the hospital loan and other sources all the funds necessary to pay all project costs; that the hospital facility and other revenues pledged will produce sufficient revenues to meet the principal and interest on the hospital loan, other costs, expenses, and charges in connection with the loan and other charges or obligations of the hospital which may be prior or equal to the loan promptly as they become due; and that the hospital is otherwise soundly financed. The hospital loan may be secured by a mortgage of property of the hospital including the hospital facility and may provide for the appointment of a receiver to operate the hospital facilities in case of default. A hospital loan made pursuant to this section shall not exceed the project costs as determined by the state authority. A loan shall be secured in a manner, be repaid in a period not exceeding 50 years, and bear interest at a rate, as determined by the authority, which rate may be decreased or increased so that it is not less than the rate paid by the authority on notes, renewal notes, or bonds issued to fund the loan.
History:
1969, Act 38, Imd. Eff. July 14, 1969 ;-- Am. 1970, Act 142, Imd. Eff. Aug. 1, 1970 ;-- Am. 1978, Act 277, Imd. Eff. July 3, 1978
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 38 of 1969 - Hospital Finance Authority Act (331.31 - 331.84) › 38-1969-2 - Chapter 2 (331.41...331.46) › Section 331.45 - Repealed. 1992, Act 302, Imd. Eff. Dec. 21, 1992.

331.45 Repealed. 1992, Act 302, Imd. Eff. Dec. 21, 1992.
Compiler's Notes:
The repealed section pertained to the creation and establishment of a bond reserve fund.
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 38 of 1969 - Hospital Finance Authority Act (331.31 - 331.84) › 38-1969-2 - Chapter 2 (331.41...331.46) › Section 331.46 - State Authority; State Treasurer, Agent; Deposits, Payments, Security; Agreements; System of Accounts.

331.46 State authority; state treasurer, agent; deposits, payments, security; agreements; system of accounts.
Sec. 16.
(1) All moneys of the state authority, except as otherwise authorized or provided in this section, shall be paid to the state treasurer, as agent of the state authority, who shall not commingle such moneys with any other moneys. The moneys shall be deposited in a separate bank account or accounts. The moneys in such accounts shall be paid out by the state treasurer on requisition of the chairman of the state authority or of such other officer or employee as the state authority shall authorize. If required by the state treasurer or the state authority, all deposits of such moneys shall be secured by obligations of the United States or of the state of a market value equal at all times to the amount of the deposit and all banks and trust companies are authorized to give such security for such deposits.
(2) Notwithstanding the provisions of this section, the state authority, subject to the approval of the state treasurer, may contract with the holders of any of its notes or bonds as to the custody, collection, securing, investment and payment of any moneys of the state authority and any moneys held in trust or otherwise for the payment of notes or bonds. Moneys held in trust or otherwise for the payment of notes or bonds or in any way to secure notes or bonds and deposits of such moneys may be secured in the same manner as moneys of the state authority and all banks and trust companies are authorized to give such security for such deposits.
(3) Subject to agreements with noteholders and bondholders and the approval of the auditor general, the authority shall prescribe a system of accounts for the state authority.
History:
1969, Act 38, Imd. Eff. July 14, 1969
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 38 of 1969 - Hospital Finance Authority Act (331.31 - 331.84) › 38-1969-3 - Chapter 3 (331.51...331.63) › Section 331.51 - Incorporation of Local Hospital Authority; Purposes.

331.51 Incorporation of local hospital authority; purposes.
Sec. 21.
An incorporating unit may incorporate a local hospital authority under this act for the purposes of constructing, acquiring, reconstructing, remodeling, improving, adding to, enlarging, repairing, owning, and leasing hospital facilities for the use of a hospital within or without the boundaries of the incorporating unit; lending money to a hospital for those purposes; refunding or refunding in advance obligations of a local authority or the state authority; or refinancing the indebtedness of a hospital.
History:
1969, Act 38, Imd. Eff. July 14, 1969 ;-- Am. 1978, Act 277, Imd. Eff. July 3, 1978
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 38 of 1969 - Hospital Finance Authority Act (331.31 - 331.84) › 38-1969-3 - Chapter 3 (331.51...331.63) › Section 331.52 - Local Authority; Articles of Incorporation, Adoption, Certificate Form.

331.52 Local authority; articles of incorporation, adoption, certificate form.
Sec. 22.
The incorporation of a local hospital authority shall be accomplished by the adoption of articles of incorporation by the governing body of the incorporating unit. The affirmative vote of the majority of the members-elect of the governing body of the incorporating unit is required for such adoption. The articles of incorporation shall be executed for and on behalf of the incorporating unit by the chief executive officer and clerk. The clerk of each incorporating unit shall also affix to the articles of incorporation, following the signatures thereto, a certificate in form substantially as follows:
"The foregoing articles of incorporation were adopted by the ......... of the ............... of ................., County of ................., Michigan, at a meeting duly held on the ..... day of ............., 19..... . Dated: .............., 19..... .
.............................. ........................Clerk"
History:
1969, Act 38, Imd. Eff. July 14, 1969
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 38 of 1969 - Hospital Finance Authority Act (331.31 - 331.84) › 38-1969-3 - Chapter 3 (331.51...331.63) › Section 331.53 - Local Authority; Articles, Contents.

331.53 Local authority; articles, contents.
Sec. 23.
The articles of incorporation shall set forth the name of the local authority, which name shall include the world "hospital"; the name of the incorporating unit; the purpose for which the local authority is created; the number, terms and manner of selection of the local authority's officers, including its governing board which shall be known as the "commission"; the powers and duties of the local authority and of its officers; the date upon which the articles of incorporation shall become effective and the local authority shall be established; the name of the newspaper in which the articles of incorporation shall be published and the name of the person responsible for the publication and filings required by this act; and any other matters necessary or expedient to be included therein.
History:
1969, Act 38, Imd. Eff. July 14, 1969
Compiler's Notes:
The term “world” near the beginning of this section evidently should read “word.”
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 38 of 1969 - Hospital Finance Authority Act (331.31 - 331.84) › 38-1969-3 - Chapter 3 (331.51...331.63) › Section 331.54 - Local Authority; Articles, Execution, Filing, Publication; Validity of Incorporation.

331.54 Local authority; articles, execution, filing, publication; validity of incorporation.
Sec. 24.
The articles of incorporation shall be executed in duplicate and delivered to the county clerk of the county in which the local authority is located, who shall file 1 duplicate in his office and the other with the recording officer of the hospital authority when selected. The county clerk shall publish a copy of the articles of incorporation once in a newspaper designated in the articles of incorporation and circulating within the county. He shall file 1 printed copy of the articles of incorporation with the secretary of state and 1 in his office, attached to each shall be his certificate setting forth that the same is a true and complete copy of the original articles of incorporation on file in his office and also the date and place of the publication thereof. The local authority shall be established at the time provided in the articles of incorporation. The validity of the incorporation shall be conclusively presumed unless questioned in a court of competent jurisdiction within 60 days after the filing of the certified copies with the secretary of state and the county clerk.
History:
1969, Act 38, Imd. Eff. July 14, 1969
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 38 of 1969 - Hospital Finance Authority Act (331.31 - 331.84) › 38-1969-3 - Chapter 3 (331.51...331.63) › Section 331.55 - Local Authority; Articles, Amendment.

331.55 Local authority; articles, amendment.
Sec. 25.
Amendments may be made to articles of incorporation if adopted by the governing body of the incorporating unit. No amendment shall impair the obligation of any bond or other contract. Each amendment shall be adopted, executed and published and certified printed copies filed, in the same manner as the original articles of incorporation.
History:
1969, Act 38, Imd. Eff. July 14, 1969
2023 Michigan Compiled Laws › Chapter 331 - Hospitals › Act 38 of 1969 - Hospital Finance Authority Act (331.31 - 331.84) › 38-1969-3 - Chapter 3 (331.51...331.63) › Section 331.56 - Local Authority as Public Body Corporate; Enumeration of Powers; General Powers Not Limited; Conducting Business at Public Meeting; Notice.

331.56 Local authority as public body corporate; enumeration of powers; general powers not limited; conducting business at public meeting; notice.
Sec. 26.
(1) Each local authority is a public body corporate, having the succession and term as may be provided in its articles of incorporation. It may adopt and amend bylaws for the regulation of its affairs and the conduct of its business; adopt an official seal and alter it at its discretion; maintain offices at places as it designates; sue and be sued in its own name in any court of this state; and generally do and suffer to be done all things necessary for and convenient and incident to the carrying out of the purposes of its incorporation. The enumeration of powers in this act shall not be construed as a limitation upon the general powers.
(2) The business which the local authority may perform shall be conducted at a public meeting of the authority held in compliance with Act No. 267 of the Public Acts of 1976, being sections 15.261 to 15.275 of the Michigan Compiled Laws. Public notice of the time, date, and place of the meeting shall be given in the manner required by Act No. 267 of the Public Acts of 1976.
History:
1969, Act 38, Imd. Eff. July 14, 1969 ;-- Am. 1978, Act 206, Imd. Eff. June 4, 1978