Section 141.2101 – Short Title.

141.2101 Short title. Sec. 101. This act shall be known and may be cited as the “revised municipal finance act”. History: 2001, Act 34, Eff. Mar. 1, 2002

Section 141.2103 – Definitions.

141.2103 Definitions. Sec. 103. As used in this act: (a) “Assessed value”, “assessed valuation”, “valuation as assessed”, and “valuation as shown by the last preceding tax assessment roll”, or similar terms, used in this act, any statute, or charter as a basis for computing limitations upon the taxing or borrowing power of any municipality, mean […]

Section 141.2105 – Municipal Security; Limitations.

141.2105 Municipal security; limitations. Sec. 105. A municipal security does not include any of the following: (a) A contract for the purchase of real or personal property. (b) A contract for the lease of real or personal property with or without an option to purchase. (c) A contract, lease, note, or other security given in […]