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 141.2813 – 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Section 141.2815 – Repealed. 2002, Act 541, Imd.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141.2815 Repealed. 2002, Act 541, Imd.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 Compiler’s Notes: The repealed section pertained to exemption of certain security from act.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 141.2701 – Annual Tax Levy; Determination; Limitation Not Applicable; Adjustment in Event of Surplus Funds; Use of Money Remaining in Debt Retirement Fund; Priority; Set Aside of Tax Collections Allocable to Principal and Interest Payment; Failure of Officer to Perform Duties; “Tax Levy” Defined.
141.2701 Annual tax levy; determination; limitation not applicable; adjustment in event of surplus funds; use of money remaining in debt retirement fund; priority; set aside of tax collections allocable to principal and interest payment; failure of officer to perform duties; “tax levy” defined. Sec. 701. (1) Subject to subsection (3), if a municipality has municipal […]
Section 141.2705 – Debt Retirement Funds; Accounting; Use; Pooled or Combined for Deposit or Investment; Certification of Debt Retirement.
141.2705 Debt retirement funds; accounting; use; pooled or combined for deposit or investment; certification of debt retirement. Sec. 705. (1) Debt retirement funds, except in the case of a common debt retirement fund maintained by a school district pursuant to section 1223 of the revised school code, 1976 PA 451, MCL 380.1223, shall be accounted […]
Section 141.2707 – Sinking Fund; Use; Deposit; Accounting.
141.2707 Sinking fund; use; deposit; accounting. Sec. 707. Any municipality issuing a mandatory redemption refunding security under the provisions of part VI shall provide a sinking fund or funds for the retirement of the refunding security, and there shall be deposited in each sinking fund annually an amount sufficient to pay the principal of that […]
Section 141.2801 – Effective Date.
141.2801 Effective date. Sec. 801. This act takes effect March 1, 2002. History: 2001, Act 34, Eff. Mar. 1, 2002