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Home » US Law » 2022 Michigan Compiled Laws » Chapter 141 - Municipal Financing » Act 177 of 1943 - Public Improvement Funds (141.261 - 141.265)

Section 141.261 – Funds for Public Improvements or Buildings.

141.261 Funds for public improvements or buildings. Sec. 1. The legislative or governing body of any political subdivision is hereby authorized and empowered to create and establish a fund or funds for the purpose of appropriating, providing for, setting aside and accumulating moneys to be used for acquiring, constructing, extending, altering, repairing or equipping public […]

Section 141.262 – Funds for Public Improvements or Buildings; Transfer or Encumbrance.

141.262 Funds for public improvements or buildings; transfer or encumbrance. Sec. 2. Notwithstanding the provisions of any law or the charter of any city or village, moneys accumulated in said fund shall not be transferred, encumbered or otherwise disposed of, except for the purpose of acquiring, constructing, extending, altering, repairing or equipping public improvements or […]

Section 141.264 – Tax Limitation.

141.264 Tax limitation. Sec. 4. Nothing in this act shall be construed so as to authorize any city or village to exceed any tax limitation imposed by law or charter of said city or village. History: 1943, Act 177, Imd. Eff. Apr. 17, 1943 ;– CL 1948, 141.264

Section 141.265 – Additional Powers; Political Subdivision Construction.

141.265 Additional powers; political subdivision construction. Sec. 5. This act shall be in addition to all powers heretofore granted to political subdivisions by state law, or by any charter thereof. The term “political subdivision” as used in this act shall be construed to mean any county, city, village, township, school district or other local unit […]