Michigan Laws 830.411a – Legislative findings
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Terms Used In Michigan Laws 830.411a
- Building authority: means the state building authority created by this act. See Michigan Laws 830.411
- Capital maintenance improvements: means an expenditure to provide capital maintenance that is an asset depreciable under the internal revenue code that is used by this state or an institution of higher education. See Michigan Laws 830.411
- Equipment: means machinery, hardware, or any other type of equipment or a group of integrally related equipment, which shall meet all of the following:
(i) The equipment or the predominant portion of the group of integrally related equipment is located in or is physically connected to a state occupied building or facility or is located on state owned property. See Michigan Laws 830.411Existing facilities: means all existing buildings and other facilities, the sites for the buildings or facilities, and furnishings or equipment for the buildings or facilities located on real property acquired by the building authority under the terms of this act. See Michigan Laws 830.411 Facilities: means furnishings or equipment, capital maintenance improvements, existing facilities, and all new buildings, parking structures and lots, and other facilities, the sites for the buildings, structures, or facilities, and furnishings or equipment for the buildings, structures, or facilities in any way acquired or constructed by the building authority under this act. See Michigan Laws 830.411 Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC State: means the legislative, executive, and judicial branches of state government and includes institutions of higher education. See Michigan Laws 830.411
The legislature finds all of the following:
(a) That there is a present need for the state, its agencies, and departments, in order to carry out necessary governmental functions and enterprises and to provide necessary services to the people of the state as mandated or permitted by constitution and law, to do both of the following:
(i) Rent, lease, or otherwise acquire additional buildings, together with necessary parking structures and lots, facilities, furnishings, equipment, and sites.
(ii) Renovate or restore properties owned or used by this state.
(b) That this state now rents and leases from private owners at a substantial cost space and furnishings or equipment in many communities in order to provide services, and as this state continues to grow it will be necessary to rent or lease substantial additional space and furnishings or equipment from private owners at substantial additional cost to provide services.
(c) That the state building authority is created by this act with the powers granted in this act to do both of the following:
(i) Provide additional space and furnishings or equipment in the best locations and in the most economical and efficient manner.
(ii) Improve existing facilities through capital maintenance improvements or the restoration or renovation of those facilities.