(1) There is created by this act a public body corporate and politic known as the Michigan next energy authority. The authority shall be located within the department.
  (2) The authority shall exercise its prescribed statutory powers, duties, and functions independently of the director of the department. The budgeting, procurement, and related administrative functions of the authority shall be performed under the direction and supervision of the director of the department.

Terms Used In Michigan Laws 207.823

  • Authority: means the Michigan next energy authority created under section 3. See Michigan Laws 207.822
  • Contract: A legal written agreement that becomes binding when signed.
  • Department: means the department of management and budget. See Michigan Laws 207.822
  • 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
  (3) The authority may contract with the department for the purpose of maintaining the rights and interests of the authority.
  (4) The accounts of the authority may be subject to annual financial audits by the state auditor general. Records of the authority shall be maintained according to generally accepted accounting principles.
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