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Act 342 of 1969
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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:

DocumentTypeDescription
Section 141.151SectionDefinitions.
Section 141.152SectionMaximum interest rate on certain bonds and evidences of indebtedness.
Section 141.153SectionMaximum interest rate on assessments or certain contract obligations; adjustment.
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