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Home » US Law » 2022 Michigan Compiled Laws » Chapter 141 - Municipal Financing » Act 140 of 1971 - Glenn Steil State Revenue Sharing Act of 1971 (141.901 - 141.921)

Section 141.917a – Withholding Amount Equivalent to Delinquent Payments Due on Emergency Municipal Loan; Withholding Payment Under Act; Extent; Plan for Financing Outstanding Obligations Upon Which Municipality Defaulted; Use of Amounts Withheld; Payment of Debt Service on Bonds or Notes; Agreement Assigning or Pledging Payment; Statement; Withholding Payment to Satisfy Payment Due and Owing to State.

141.917a Withholding amount equivalent to delinquent payments due on emergency municipal loan; withholding payment under act; extent; plan for financing outstanding obligations upon which municipality defaulted; use of amounts withheld; payment of debt service on bonds or notes; agreement assigning or pledging payment; statement; withholding payment to satisfy payment due and owing to state. Sec. […]

Section 141.918 – Report on Local Taxes, Special Assessments, Overlapping Taxes, and Taxable Value; Report on Levied Millage Rate; Effect of Failure to Report; Prorating and Allocating Overlapping Taxes; Report on Local Revenues; Summary and Analysis of Reports; Recommendations; Report on Tax Collections Available for Distribution; Distribution in Single Warrant; Reduced Millage Rate Considered to Be 1 Mill.

141.918 Report on local taxes, special assessments, overlapping taxes, and taxable value; report on levied millage rate; effect of failure to report; prorating and allocating overlapping taxes; report on local revenues; summary and analysis of reports; recommendations; report on tax collections available for distribution; distribution in single warrant; reduced millage rate considered to be 1 […]

Section 141.919 – Effective Date.

141.919 Effective date. Sec. 19. This act takes effect August 1, 1971. The distributions of the income tax which were paid in August 1971 which did not conform to the provisions of this act shall be adjusted in future payments under this act to so conform. History: 1971, Act 140, Imd. Eff. Sept. 30, 1971

Section 141.921 – Withholding Payments Until Submission of Financial Report or Audit; Filing, Evaluation, Certification, and Institution of Financial Plan to Correct Deficit Condition; Noncompliance; Notification of Legislature; “Deficit Condition” Defined.

141.921 Withholding payments until submission of financial report or audit; filing, evaluation, certification, and institution of financial plan to correct deficit condition; noncompliance; notification of legislature; “deficit condition” defined. Sec. 21. (1) If a city, village, township or county fails to provide an annual financial report or audit which conforms with the minimum procedures and […]