259.141 Meetings; audit committee.
142 words·~1 min read·
/mi/chapter-259/259-141A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
259.141 Meetings; audit committee.
Sec. 141.
(1)After organization, a board shall adopt a schedule of regular meetings and adopt a regular meeting date, place, and time. The board shall meet not less than quarterly. A special meeting of the board may be scheduled as provided in the bylaws of the regional authority, but the board chairperson shall call a special meeting on request of 2 or more board members.
(2)A board shall appoint an audit committee consisting of at least 2 members of the board. The audit committee shall meet not less than annually with the chief financial officer, the chief executive officer, and the independent auditors of the regional authority to review reports related to the financial condition, operations, performance, and management of the regional authority and airport.
History: Add. 2015, Act 95 , Imd. Eff. June 30, 2015