MICHIGAN TOBACCO SETTLEMENT FINANCE AUTHORITY ACT
- 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