Act 226 of 2005 - MICHIGAN TOBACCO SETTLEMENT FINANCE AUTHORITY ACT (129.261 - 129.279)
- 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 age
- 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 admi
- 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.