Michigan Laws 259.141 – Meetings; audit committee
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Terms Used In Michigan Laws 259.141
- Airport: means a publicly owned airport licensed by the department under section 86 and includes all airport facilities at the airport. See Michigan Laws 259.138
- Board: means the governing body of a regional authority appointed under section 140. See Michigan Laws 259.138
- Chief executive officer: means the chief administrative officer of a regional authority. See Michigan Laws 259.138
- Regional authority: means a regional airport authority created under section 139 and governed by a board. See Michigan Laws 259.138
(1) After organization, a board shall adopt a schedule of regular meetings and adopt a regular meeting date, place, and time. The board shall meet not less than quarterly. A special meeting of the board may be scheduled as provided in the bylaws of the regional authority, but the board chairperson shall call a special meeting on request of 2 or more board members.
(2) A board shall appoint an audit committee consisting of at least 2 members of the board. The audit committee shall meet not less than annually with the chief financial officer, the chief executive officer, and the independent auditors of the regional authority to review reports related to the financial condition, operations, performance, and management of the regional authority and airport.