Section 460.844 - Sale or exchange of excess capacity or output(1) A joint agency may sell or exchange the excess capacity or output of a project not required by any of its members for consideration upon terms and conditions as determined by the parties.(2) A joint agency may do 1 or more of the following: (a) Transfer all or part of its interest in or functional control of transmission facilities to a multistate regional transmission system organization approved by the federal government and operating in this state or to 1 or more of its transmission-owning members.(b) Purchase, acquire, sell, or otherwise transfer stock, membership units, or any other interest in a multistate regional transmission system organization approved by the federal government and operating in this state or in 1 or more of its transmission-owning members.Amended by 2008, Act 21,s 14 , eff. 3/7/2008.1976, Act 448, Imd. Eff. 1/13/1977 ;--Am. 2002, Act 532, Imd. Eff. 7/25/2002.