MCL - Index of Act 226 of 2005
NOTE: Dates reflect any modification to item, not necessarily a change in law.
| Title | Subject |
|---|---|
| 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. |