Michigan § 124.26 - Contract; provisions.
Full text of Michigan Michigan Compiled Laws § 124.26 — Contract; provisions., with citation guidance and answers to common questions.
§ 124.26. Contract; provisions.
If applicable to the transfer, a contract under this act may provide for any of the following:
(a) Any method by which the contract may be rescinded or terminated by any participating local unit before the stated date of termination.
(b) The manner of employing, engaging, compensating, transferring, or discharging personnel required for the economic development project to be carried out under the contract.
(c) The fixing and collecting of charges, rates, rents, or fees, where appropriate, and the adoption of ordinances and their enforcement by or with the assistance of the participating local units.
(d) The manner in which purchases shall be made and contracts entered into.
(e) The acceptance of gifts, grants, assistance funds, or bequests.
(f) The manner of responding for any liabilities that might be incurred through performance of the contract and insuring against any such liability.
(g) Any other necessary and proper matters agreed upon by the participating local units.
Frequently Asked Questions About Michigan § 124.26
What does Michigan Compiled Laws § 124.26 cover?
Section 124.26 ("Contract; provisions.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 124.26?
A common citation format is "Michigan Compiled Laws § 124.26" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 124.26 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.