Act 196 of 1986 Public Transportation Authority Act (124.451 - 124.479)

Act 196 of 1986 Public Transportation Authority Act (124.451 - 124.479)

Section 124.451 Short Title.
Section 124.452 Definitions.
Section 124.453 Public Authority; Formation Generally; Membership; Articles of Incorporation; Approval.
Section 124.454 Public Authority; Formation by Political Subdivision; Articles of Incorporation.
Section 124.455 Articles of Incorporation; Endorsement as Evidence of Adoption; Publication; Filing; Operative Public Authority; Effective Date of Articles; Validity of Incorporation Conclusively Presumed; Exception.
Section 124.456 Articles of Incorporation; Contents.
Section 124.457 Membership After Formation of Public Authority; Resolution; Approval, Execution, Filing, and Publication of Amendment to Articles.
Section 124.458 Conditions to Release From Membership in Public Authority; Taxes; Transportation Services; Evidence of Release; Withdrawal From Public Authority; Violation of Mcl 168.1 to 168.992 Applicable to Petitions; Penalties; Notice.
Section 124.459 Tax Limitations.
Section 124.460 Validation and Ratification of Acts Taken Before Effective Date of Act.
Section 124.461 Assumption, Transfer, Assignment, or Conveyance of Tax Revenues, Property, Rights, Duties, and Obligations.
Section 124.462 Powers of Public Authority Generally; Public Authority as Public Benefit Agency and Instrumentality of State.
Section 124.463 Additional Powers of Public Authority.
Section 124.464 Additional Powers of Public Authority.
Section 124.465 Collective Bargaining Agreements; Employees Entering Military Service.
Section 124.466 Exemption of Public Authority From Certain Acts in Exercise of Powers.
Section 124.467 Public Transportation Service; Financing.
Section 124.468 Tax Levy; Collection.
Section 124.469 Additional Tax Levy.
Section 124.470 Contract With Public Authority to Make Payments, Appropriations, or Contributions; Pledge of Full Faith and Credit; Tax Levy; Execution of Contract.
Section 124.471 Duties of Public Authority.
Section 124.472 Notes and Bonds Generally.
Section 124.473 Notes and Bonds; Additional Provisions; Tax Exemption; Advancing Money or Delivering Property to Carry Out Powers and Duties; Repayment or Payment.
Section 124.474 Loans.
Section 124.475 Revenues Pledged for Payment of Debt Service on Bonds or Notes Subject to Statutory Lien; Substitution of Other Security.
Section 124.476 Investments; Use of Investment Income.
Section 124.477 Notes and Bonds as Securities.
Section 124.478 Validation and Ratification of Prior Acts.
Section 124.479 Duration of Financial Obligation.

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