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INTEREST RATES FOR PUBLIC CORPORATIONS
Act 342 of 1969
AN ACT to establish a maximum rate of interest at which public corporations may issue bonds and other evidences of indebtedness; and to authorize public corporations to establish, fix and adjust maximum rates of interest on certain assessments or contract obligations.
History: 1969, Act 342, Imd. Eff. Dec. 26, 1969
Am. 1971, Act 40, Imd. Eff. June 17, 1971
© 2017 Legislative Council, State of Michigan
The People of the State of Michigan enact:
|Section 141.152||Section||Maximum interest rate on certain bonds and evidences of indebtedness.
|Section 141.153||Section||Maximum interest rate on assessments or certain contract obligations; adjustment.