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REVISED MUNICIPAL FINANCE ACT Act 34 of 2001 AN ACT relative to the borrowing of money and the issuance of certain debt and securities; to provide for tax levies and sinking funds; to prescribe powers and duties of certain departments, state agencies, officials, and employees; to impose certain duties, requirements, and filing fees upon political subdivisions of this state; to authorize the issuance of certain debt and securities; to prescribe penalties; and to repeal acts and parts of acts.
History: 2001, Act 34, Eff. Mar. 1, 2002
The People of the State of Michigan enact:
34-2001-I Division PART I DEFINITIONS (141.2101...141.2105)
34-2001-II Division PART II POWERS (141.2201...141.2203)
34-2001-III Division PART III GENERAL (141.2301...141.2323)
34-2001-IV Division PART IV SHORT-TERM MUNICIPAL SECURITIES (141.2401...141.2415)
34-2001-V Division PART V LONG-TERM MUNICIPAL SECURITIES (141.2501...141.2518)
34-2001-VI Division PART VI REFUNDING (141.2601...141.2613)
34-2001-VII Division PART VII TAX LEVIES, DEBT RETIREMENT, AND SINKING FUND (141.2701...141.2821)