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U.S. State Codes
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Michigan
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Chapter 129 - Public Funds
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Act 226 of 2005 Michigan Tobacco Settlement Fin...
Act 226 of 2005 Michigan Tobacco Settlement Finance Authority Act (129.261 - 129.279)
Section 129.261 Short Title.
Section 129.262 Legislative Findings and Declaration.
Section 129.263 Definitions.
Section 129.264 Michigan Tobacco Settlement Finance Authority; Creation; Separate Legal Entity; Issuance of Bonds Generally.
Section 129.265 Authority; Duties; Administrative Functions.
Section 129.266 Board of Directors; Membership; Terms; Vacancy; Compensation; Reimbursement; Chairperson; Quorum; Vote; Agents and Employees; Discharge of Duties by Member, Officer, Employee, or Agent; Independent Public Financial Advisor.
Section 129.267 Powers of Authority.
Section 129.268 Sale of State's Tobacco Receipts; Terms; Agreement; Refunding, Refinancing, and Sale of Residual Interests; Purchase Price; Remedies; Approval by Resolution Adopted by State Administrative Board; Absolute Transfer; Limitation on Use of Net Proceeds and Earnings.
Section 129.269 Obligations.
Section 129.270 Creation of Authority; Purpose as Public and Governmental; Property and Income Exempt From Tax; Interest.
Section 129.271 Duties of State Before Payment or Discharge of Bonds and Ancillary Facilities.
Section 129.272 Effect of Bonds Issued Under Act.
Section 129.273 Dissolution of Authority.
Section 129.274 Construction of Act.
Section 129.275 Availability of Funds.
Section 129.276 Report.
Section 129.277 Appropriation.
Section 129.278 Legal Jurisdiction.
Section 129.279 Severability.