Part 505 - MICHIGAN FOREST FINANCE AUTHORITY
- Section 324.50501 - Purpose of part
- Section 324.50502 - Definitions
- Section 324.50503 - Michigan forest finance authority; creation; exercise of powers, duties, and functions; handling of funds
- Section 324.50504 - Board of directors; appointment; terms; oath; vacancy; persons subject to MCL 15.321 to 15.330; discharge of duties; policies and procedures; conducting business at public meetings; notice; quorum; actions of board; representative as voting member; chairperson
- Section 324.50505 - Election of chairperson and vice-chairperson; state forester as executive director; qualifications, duties, and compensation of employees; delegation of powers or duties; rights and interests of authority; annual report; audits; records
- Section 324.50506 - Powers of board
- Section 324.50507 - Financing forest management operations and practices; application of funds; interim procedure; annual list of activities and practices; projection of probable default; contracts for cutting and sale of timber; forest development fund; audit
- Section 324.50508 - Department as agent for authority; conveyance of state's interest in contracts granting timber cutting rights; deposit of money received; conveyance of title to timber
- Section 324.50509 - Bonds and notes generally; expenses; expenditures
- Section 324.50510 - Bonds or notes; purposes; payment; requirements; signature of board member or office of authority; sale of bonds or notes; applicability of other laws; interest rate agreement
- Section 324.50511 - Refunding bonds or notes
- Section 324.50512 - Security to assure timely payment of bond or note
- Section 324.50513 - Bonds or notes; authority of board member, executive director, or other officer of authority
- Section 324.50514 - Resolution authorizing bonds or notes; provisions
- Section 324.50515 - Pledge
- Section 324.50516 - Personal liability on bonds or notes
- Section 324.50517 - Purchasing, holding, canceling, or reselling bonds or notes
- Section 324.50518 - Rights and remedies
- Section 324.50519 - Bonds or notes as legal investments; security
- Section 324.50520 - Property and income of authority; exemption from taxes and special assessments; bonds or notes exempt from taxation
- Section 324.50521 - Liberal construction; broad interpretation
- Section 324.50522 - Rules