Terms Used In Michigan Laws 18.1242a

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
  The JCOS and department shall annually review the outstanding obligations of the state building authority, as well as the state’s lease obligations for previously constructed and state building authority financed projects that provide revenue to the state building authority to retire outstanding bonds.