Home/Michigan/Statutes/Ch. 141: MUNICIPAL FINANCING/Act 187 of 2014: MICHIGAN SETTLEMENT ADMINISTRATION AUTHORITY ACT (141.1601-141.1611)/§ 141.1604
Michigan Statutes

§ 141.1604 — Michigan settlement administration authority; creation; authority as state institution; appropriation.

Michigan § 141.1604
JurisdictionMichigan
Ch. 141MUNICIPAL FINANCING
Act 187 of 2014MICHIGAN SETTLEMENT ADMINISTRATION AUTHORITY ACT (141.1601-141.1611)

This text of Michigan § 141.1604 (Michigan settlement administration authority; creation; authority as state institution; appropriation.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Mich. Comp. Laws § 141.1604 (2026).

Text

MICHIGAN SETTLEMENT ADMINISTRATION AUTHORITY ACT (EXCERPT) Act 187 of 2014 141.1604 Michigan settlement administration authority; creation; authority as state institution; appropriation. Sec. 4.

(1)The Michigan settlement administration authority is created as a public body corporate and politic within the department of treasury. The authority is a state institution within the meaning of section 9 of article II of the state constitution of 1963 and an instrumentality of this state exercising public and essential governmental functions. The exercise by the authority of the powers conferred by this act is an essential governmental function of this state.
(2)For the fiscal year ending September 30, 2014, there is appropriated $194,800,000.00 from the settlement administration fund to be use

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Legislative History

2014, Act 187 , Imd. Eff. June 20, 2014

Nearby Sections

15
§ 141.1001
Short title.
§ 141.1002
State administrative board; powers and duties; actions of board.
§ 141.1003
Cities or counties authorized to borrow money and issue general obligation bonds or obligations to fund operating deficit.
§ 141.1004
Application for order approving bonds or obligations; resolution; determination of accumulated operating deficit; conditions and determinations; statement; issuance of order; determinations and findings conclusive; maximum amount of bonds or obligations; exceptions; bonds or obligations not subject to revised municipal finance act; agency financing reporting act applicable.
§ 141.1005
Bonds or obligations; amounts included.
§ 141.1006
Bonds or obligations; terms and conditions.
§ 141.1007
Levy of property taxes for payment of principal and interest on bonds or obligations.
§ 141.1008
Issuing bonds or obligations as limited tax bonds or obligations; resolution without vote of electors and publication of notice; submitting question to electors; approval or disapproval; prior actions.
§ 141.1009
Bonds or obligations issued before April 11, 1988; bonds or obligations issued after April 11, 1988 and before January 1, 2010; powers of legislative body; agreement providing for direct payment of distributable aid to paying agent, trustee, escrow agent, or other person; lien; special fund; use of taxes; definition.
§ 141.101
Short title; revenue bond act of 1933.
§ 141.1010
Action to enforce compliance with act.
§ 141.1011
Conditional effective date.
§ 141.102
Construction of act.
§ 141.103
Definitions.
§ 141.104
Municipal public improvements; limitations; bonds; acquiring utility for supplying light, heat or power; referendum; powers exercised.
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Bluebook (online)
Michigan § 141.1604, Counsel Stack Legal Research, https://law.counselstack.com/statute/mi/141/141.1604.