Michigan § 124.763 - Property of authority as public property; exemption from taxes, special assessments, and user fees.
Full text of Michigan Michigan Compiled Laws § 124.763 — Property of authority as public property; exemption from taxes, special assessments, and user fees., with citation guidance and answers to common questions.
§ 124.763. Property of authority as public property; exemption from taxes, special assessments, and user fees.
(1) Property of an authority is public property devoted to an essential public and governmental function and purpose. Income of the authority is considered to be for a public and governmental purpose.
(2) The property of the authority and its income and operation are exempt from all taxes and special assessments of this state or a local unit of government of this state.
(3) Beginning on the effective date of the amendatory act that added this subsection, in addition to the exemptions under subsection (2), property of the authority and its income and operation are exempt from any user fees imposed by a local unit of government of this state. This act does not prevent an authority from contracting with a local unit of government of this state for services. If an authority, or its tenant, enters into an express contract for services with a local unit of government of this state, a user fee may be charged for those services. A local unit of government of this state shall not provide services to an authority, or its tenant, unless an express contract is entered into for those services.
(4) Bonds or notes issued by the authority, and the interest on and income from those bonds and notes, are exempt from all taxation of this state or a local unit of government.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 124.763
What does Michigan Compiled Laws § 124.763 cover?
Section 124.763 ("Property of authority as public property; exemption from taxes, special assessments, and user fees.") 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 § 124.763?
A common citation format is "Michigan Compiled Laws § 124.763" (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 § 124.763 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.