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 141.2513 – Debt Incurred; Issuance of Municipal Securities Secured by Limited Tax Full Faith and Credit Pledge.
141.2513 Debt incurred; issuance of municipal securities secured by limited tax full faith and credit pledge. Sec. 513. (1) A municipality by resolution of its governing body or by entry into an intergovernmental contract pursuant to section 5 of 1951 PA 35, MCL 124.5, or pursuant to an amendment to a contract adopted and made […]
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 (1) The following are repealed effective March 1, 2002: (a) Chapters I, II, IV, V, VI, VII, VIII, and IX of the municipal finance act, 1943 PA […]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 141.2515 – Water Supply or Sewage Disposal, Public Building, or Other Public Improvement; Delivery of Municipal Security to Defray Cost.
141.2515 Water supply or sewage disposal, public building, or other public improvement; delivery of municipal security to defray cost. Sec. 515. (1) A municipality may deliver a municipal security to this state or the federal government for the purpose of defraying the whole or part of the cost of purchasing, acquiring, constructing, improving, enlarging, extending, […]
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 The administrative rules of the municipal finance division are repealed effective March 1, 2002.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 141.2517 – Capital Improvement Items; Issuance of Municipal Security to Pay Cost; Notice of Intent; Petition; Referendum; Special Election; Limitation on Amount.
141.2517 Capital improvement items; issuance of municipal security to pay cost; notice of intent; petition; referendum; special election; limitation on amount. Sec. 517. (1) A county, city, village, or township may by resolution of its governing body, and without a vote of its electors, issue a municipal security under this section to pay the cost […]
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 141.2518 – Payment of Unfunded Pension Liability or Unfunded Accrued Health Care Liability; Issuance of Municipal Security; Comprehensive Financial Plan; Requirements.
141.2518 Payment of unfunded pension liability or unfunded accrued health care liability; issuance of municipal security; comprehensive financial plan; requirements. Sec. 518. (1) Through December 31, 2023, in connection with the partial or complete cessation of accruals to a defined benefit plan or the closure of the defined benefit plan to new or existing employees, […]
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 […]