Section 141.2405 – Issuance of Short-Term Municipal Securities; Payments Allowed; Operating Expenditures or Debt Service Charges; Limitation; Authorizing Resolution; Set Aside of Taxes Collected; Capital Improvements; Deduction of Outstanding Principal Amount.
141.2405 Issuance of short-term municipal securities; payments allowed; operating expenditures or debt service charges; limitation; authorizing resolution; set aside of taxes collected; capital improvements; deduction of outstanding principal amount. Sec. 405. (1) A municipality may issue short-term municipal securities in anticipation of the collection of the taxes for a current fiscal year for the payment […]
Section 141.2407 – Anticipation of Revenue Sharing Payments; Issuance of Short-Term Municipal Securities; Payment of Operating Expenditures; Authorizing Resolution; Set Aside of Amounts for Payment of Principal and Interest.
141.2407 Anticipation of revenue sharing payments; issuance of short-term municipal securities; payment of operating expenditures; authorizing resolution; set aside of amounts for payment of principal and interest. Sec. 407. (1) A municipality may, by resolution of its governing body, and without a vote of the electors, issue short-term municipal securities in anticipation of revenue sharing […]
Section 141.2409 – Interest Rate; Limitation; Payment.
141.2409 Interest rate; limitation; payment. Sec. 409. A municipal security issued pursuant to this part shall bear no interest or interest at a rate not to exceed that provided in part III and shall be payable not later than the estimated time of collection of an amount sufficient for its payment out of the taxes […]
Section 141.2411 – Money Deposited in Special Fund; Use.
141.2411 Money deposited in special fund; use. Sec. 411. The money in each special fund required by this part shall be deposited in a bank account separate from any other money of the municipality and shall be used for no purpose other than to retire the municipal security for which the special fund was established. […]
Section 141.2413 – Anticipation of Long-Term Municipal Security Proceeds; Issuance of Short-Term Municipal Security; Authorization of Principal, Interest, and Redemption Premiums; Limitation on Principal Amount; Use of Proceeds.
141.2413 Anticipation of long-term municipal security proceeds; issuance of short-term municipal security; authorization of principal, interest, and redemption premiums; limitation on principal amount; use of proceeds. Sec. 413. (1) A municipality may by resolution of its governing body, and without a vote of its electors, issue a short-term municipal security in anticipation of the proceeds […]
Section 141.2415 – Anticipation of State or Federal Grants; Issuance of Short-Term Municipal Security; Pledge of Grant Proceeds as Payment of Principal, Interest, and Redemption Premiums; Limitation on Principal Amount; Use of Municipal Security Proceeds.
141.2415 Anticipation of state or federal grants; issuance of short-term municipal security; pledge of grant proceeds as payment of principal, interest, and redemption premiums; limitation on principal amount; use of municipal security proceeds. Sec. 415. (1) A municipality may by resolution of its governing body, and without a vote of its electors, issue a short-term […]
Section 141.1638 – Waiver; Resolution; Conditions; Rescission; Reversal.
141.1638 Waiver; resolution; conditions; rescission; reversal. Sec. 8. (1) Notwithstanding section 6, for its qualified city or qualified school district, a commission shall, by resolution, waive the requirements designated in sections 6 and 7 as provided in subsection (2). (2) The commission shall grant a waiver under this section for its qualified city or qualified […]
Section 141.2309 – Sale of Municipal Security at Competitive or Negotiated Sale; Requirements.
141.2309 Sale of municipal security at competitive or negotiated sale; requirements. Sec. 309. (1) A municipality may sell an authorized municipal security at a competitive sale or a negotiated sale as determined in the authorizing resolution. If a municipality determines to sell a municipal security at a negotiated sale, the governing body shall expressly state […]
Section 141.1640 – Commission as Public and Governmental Purpose.
141.1640 Commission as public and governmental purpose. Sec. 10. Each commission, and the carrying out of its authorized purposes under this act, is in all respects a public and governmental purpose for the benefit of the people of this state and for the improvement of their health, safety, welfare, comfort, and security. These purposes are […]
Section 141.2311 – Municipal Security; Registration; Facsimile Signatures; Transfer of Ownership; Delivery; Validity of Signature of Former Officer.
141.2311 Municipal security; registration; facsimile signatures; transfer of ownership; delivery; validity of signature of former officer. Sec. 311. (1) A municipal security may be registrable as to principal alone or as to both principal and interest under terms and conditions determined by the governing body of the issuing municipality. (2) A municipality may authorize a […]