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
Section 141.2802 – Outstanding Municipal Security; Default; Powers of Department; Plan; Implementation.
141.2802 Outstanding municipal security; default; powers of department; plan; implementation. Sec. 802. (1) If a municipality fails to pay any installment of principal or interest on an outstanding municipal security on or before its due date, the state treasurer, for a municipality other than a school district, or the superintendent of public instruction, for a […]
Section 141.2803 – Repeal of MCL 131.1 to 132.4, 133.1 to 133.9, 133.12 to 133.15, and 134.1 to 139.3; Effective Date of Repeal of MCL 133.10 to 133.11.
141.2803 Repeal of MCL 131.1 to 132.4, 133.1 to 133.9, 133.12 to 133.15, and 134.1 to 139.3; effective date of repeal of MCL 133.10 to 133.11. Sec. 803. (1) The following are repealed effective March 1, 2002: (a) Chapters I, II, IV, V, VI, VII, VIII, and IX of the municipal finance act, 1943 PA […]
Section 141.2805 – Repeal of Administrative Rules of Municipal Finance Division; Effective Date.
141.2805 Repeal of administrative rules of municipal finance division; effective date. Sec. 805. The administrative rules of the municipal finance division are repealed effective March 1, 2002. History: 2001, Act 34, Eff. Mar. 1, 2002
Section 141.2807 – Exceptions From Prior Approval of Debts or Securities; Effect of Orders; Applicability of Terms.
141.2807 Exceptions from prior approval of debts or securities; effect of orders; applicability of terms. Sec. 807. All orders granting exceptions from prior approval of debts or securities issued by the department shall continue in force and effect until the expiration date expressly contained in the order. The terms of the municipal finance act, 1943 […]
Section 141.2809 – Effect of Orders Approving Issuance of Securities.
141.2809 Effect of orders approving issuance of securities. Sec. 809. All orders approving the issuance of securities issued by the department shall continue in force and effect until October 31, 2002. The terms of former 1943 PA 202 and the administrative rules of the municipal finance division shall apply with respect to any security issued […]
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 […]