§ 129.261 |
Short title |
§ 129.262 |
Legislative findings and declaration |
§ 129.263 |
Definitions |
§ 129.264 |
Michigan tobacco settlement finance authority; creation; separate legal entity; issuance of bonds generally |
§ 129.265 |
Authority; duties; administrative functions |
§ 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 |
§ 129.267 |
Powers of authority |
§ 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 ea |
§ 129.269 |
Obligations |
§ 129.270 |
Creation of authority; purpose as public and governmental; property and income exempt from tax; interest |
§ 129.271 |
Duties of state before payment or discharge of bonds and ancillary facilities |
§ 129.272 |
Effect of bonds issued under act |
§ 129.273 |
Dissolution of authority |
§ 129.274 |
Construction of act |
§ 129.275 |
Availability of funds |
§ 129.276 |
Report |
§ 129.277 |
Appropriation |
§ 129.278 |
Legal jurisdiction |
§ 129.279 |
Severability |