Section 125.2486 - Authority; powers and limitations(1) The authority is a body politic and corporate.(2) The authority is not a taxing unit or local taxing unit for purposes of sections 87b to 87g of the general property tax act, Act No. 206 of the Public Acts of 1893, being sections 211.87b to 211.87g of the Michigan Compiled Laws.1992, Act 173, Imd. Eff. 7/21/1992.