Michigan Laws 324.907 – Dissolution of authority
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Terms Used In Michigan Laws 324.907
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Authority: means a joint city-state environmental management authority created pursuant to section 902. See Michigan Laws 324.901
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
- State agency: means either the department or the governing body of the state park that is participating in an authority. See Michigan Laws 324.901
Upon the expiration of a term agreed by the incorporating units, the authority shall be dissolved unless the city and the state agency agree to extend the existence of the authority for an additional term of years. The authority may only be dissolved during a term upon the vote of a 2/3 majority of the governing bodies of both the city and the state agency. Upon dissolution, the assets of the authority become the property of the city.