Michigan Compiled Laws Act 147 Of 2000 Safe Drinking Water Financial Assistance Act (141.1451 - 141.1455)

AN ACT to authorize certain governmental units to issue notes or bonds for planning for the acquisition, construction, improvement, or installation of safe drinking water facilities; to provide security for the payment of the principal of and interest on the notes or bonds; and to prescribe the powers and duties of certain governmental units.

History: 2000, Act 147, Eff. Oct. 1, 2000

Section 141.1451 Short Title.
This act shall be known and may be cited as the “safe drinking water financial assistance act”. History: 2000, Act 147, Eff. Oct. 1,...
Section 141.1452 Definitions.
As used in this act: (a) “Assistance” means that term as it is defined in part 54 of the natural resources and environmental protection...
Section 141.1453 Notes Or Bonds; Issuance; Use; Limitation; Sale To Michigan Municipal Bond Authority.
Subject to this act, a governmental unit may issue notes or bonds and use the proceeds of the notes or bonds for planning for...
Section 141.1454 Notes Or Bonds; Issuance; Authorization By Resolution; Provisions.
Notes or bonds issued under this act shall be authorized by a resolution of the governing body of the governmental unit, which may pledge...
Section 141.1455 Construction Of Act; Purpose; Restriction.
This act shall be construed as cumulative authority for the exercise of the powers granted under this act. The purpose of this act is...

Last modified: October 10, 2016