Section 141.2813 – Effect of MCL 141.2317.
141.2813 Effect of MCL 141.2317. Sec. 813. Except as provided by sections 807 and 809, section 317 replaces and reenacts section 15 of chapter III of the municipal finance act, 1943 PA 202, MCL 133.15. History: 2001, Act 34, Eff. Mar. 1, 2002
Section 141.2815 – Repealed. 2002, Act 541, Imd. Eff. July 26, 2002.
141.2815 Repealed. 2002, Act 541, Imd. Eff. July 26, 2002. Compiler’s Notes: The repealed section pertained to exemption of certain security from act.
Section 141.2817 – Effect of MCL 141.2305.
141.2817 Effect of MCL 141.2305. Sec. 817. Except as provided by sections 807 and 809, section 305 replaces and reenacts section 1a of chapter III of the municipal finance act, 1943 PA 202, MCL 133.1a. History: 2001, Act 34, Eff. Mar. 1, 2002
Section 141.2819 – Validation of Previously Issued Securities.
141.2819 Validation of previously issued securities. Sec. 819. Any securities previously issued under or in accordance with the authority contained in the municipal finance act, 1943 PA 202, MCL 131.1 to 139.3, are hereby validated. History: 2001, Act 34, Eff. Mar. 1, 2002
Section 141.2821 – Issuance of Municipal Security Beginning March 1, 2002 and Ending April 30, 2002; Qualified Status.
141.2821 Issuance of municipal security beginning March 1, 2002 and ending April 30, 2002; qualified status. Sec. 821. (1) Beginning March 1, 2002 and ending April 30, 2002, a municipality planning to issue a municipal security may do either of the following: (a) Seek approval or exception from prior approval of the municipal security from […]
Section 141.2811 – Effect of MCL 141.2303.
141.2811 Effect of MCL 141.2303. Sec. 811. Except as provided by sections 807 and 809, section 303 replaces and reenacts sections 10 and 11 of chapter III of the municipal finance act, 1943 PA 202, MCL 133.10 and 133.11. History: 2001, Act 34, Eff. Mar. 1, 2002
Section 141.2603 – Assumption of Outstanding Security by Another Municipality; Refunding.
141.2603 Assumption of outstanding security by another municipality; refunding. Sec. 603. (1) Any outstanding security of a municipality that has been assumed in part by another municipality may be refunded by the municipalities as to their respective liabilities. (2) This act shall not be construed to prohibit a municipality from refunding any of its outstanding […]
Section 141.2605 – Debt as Additional to Statutory or Charter Limitation of Tax Rate or Outstanding Debt Limit.
141.2605 Debt as additional to statutory or charter limitation of tax rate or outstanding debt limit. Sec. 605. The debt evidenced by a refunding security and the tax levies used to repay the refunding security shall not be deemed to be within any statutory or charter limitation of tax rate or of outstanding debt limit, […]
Section 141.2607 – Application of Refunding Security Proceeds and Available Money.
141.2607 Application of refunding security proceeds and available money. Sec. 607. (1) Money on hand applicable to the retirement of outstanding securities to be refunded, or from proceeds of revenues pledged for these purposes, or both, shall be applied as provided in the authorizing resolution. (2) The proceeds of a refunding security and other available […]
Section 141.2609 – Conditions for Securing Certain Outstanding Municipal Securities.
141.2609 Conditions for securing certain outstanding municipal securities. Sec. 609. A refunding security issued to refund municipal securities issued under the terms of the drain code of 1956, 1956 PA 40, MCL 280.1 to 280.630, shall be of the same character as the refunded outstanding municipal security and shall be construed to be a continuation […]