Act 157 of 1986 Michigan Export Development Act (447.151 - 447.168)

Act 157 of 1986 Michigan Export Development Act (447.151 - 447.168)

Section 447.151 Short Title.
Section 447.152 Definitions.
Section 447.153 Michigan Export Development Authority; Creation; Budgeting, Procurement, and Related Functions; Purpose of Authority.
Section 447.154 Board of Directors; Appointment, Qualifications, and Terms of Members; Vacancy; Oath or Affirmation; Reimbursement for Expenses; Election of Chairperson, Vice-Chairperson, Secretary, and Other Officers; Quorum; Majority Vote Sufficient for Action; Vote Necessary for Bonds.
Section 447.155 Effect of Vacancy in Membership of Board; Authorization and Effective Date of Action by Board; Delegation of Powers and Duties; Liability or Accountability on Contract, Commitment, or Agreement; Liability for Damage or Injury; Indemnification of Board Members and Staff Officers; Appointment of Employees to Unclassified Positions; Terms.
Section 447.156 Conducting Business at Public Meeting; Notice; Availability of Writings to Public; Confidentiality.
Section 447.157 Powers of Authority Generally.
Section 447.158 Guarantee or Export Insurance for Eligible Export Transaction; Requirements; Fees; Determinations; Condition to Provision of Guarantee or Export Insurance.
Section 447.158a Grant to Non-Profit Organization; Purposes.
Section 447.159 Bonds Generally.
Section 447.160 Bonds and Notes Generally.
Section 447.161 Bonds or Security Agreement; Resolution; Trustee or Depository.
Section 447.162 Bonds; Refunding.
Section 447.163 Proceeds From Sale of Bonds; Application; Export Development Bond Fund as Separate Fund; Investments and Earnings.
Section 447.164 Tax Exemptions Generally.
Section 447.165 Additional Tax Exemptions.
Section 447.166 Insurance Fund; Insurance Pledged as Security.
Section 447.167 Bonds, Debentures, Notes, or Other Evidence of Indebtedness as Securities; Investment; Deposit.
Section 447.168 Annual Report; Contents; Examination; Audit.

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