Michigan Compiled Laws 34-2001-iv Part IV Short-term Municipal Securities (141.2401...141.2415)

• Section 141.2401 Short-term Municipal Securities; Issuance; Conditions; Public Airport Authority.
  (1) A municipality may, by resolution of its governing body, and without a vote of the electors, issue short-term municipal securities in anticipation of...
• Section 141.2403 Resolution Authorizing Municipal Security; Tax Levy Provision; Operating Expenditures; Limitation; Set Aside Of Taxes Collected; Tax Installments; Capital Improvements; Debt Service Charges.
  (1) If a municipality issues a municipal security in anticipation of the collection of the taxes for the next succeeding fiscal year, the resolution...
• Section 141.2405 Issuance Of Short-term Municipal Securities; Payments Allowed; Operating Expenditures Or Debt Service Charges; Limitation; Authorizing Resolution; Set Aside Of Taxes Collected; Capital Improvements; Deduction Of Outstanding Principal Amount.
  (1) A municipality may issue short-term municipal securities in anticipation of the collection of the taxes for a current fiscal year for the payment...
• Section 141.2407 Anticipation Of Revenue Sharing Payments; Issuance Of Short-term Municipal Securities; Payment Of Operating Expenditures; Authorizing Resolution; Set Aside Of Amounts For Payment Of Principal And Interest.
  (1) A municipality may, by resolution of its governing body, and without a vote of the electors, issue short-term municipal securities in anticipation of...
• Section 141.2409 Interest Rate; Limitation; Payment.
  A municipal security issued pursuant to this part shall bear no interest or interest at a rate not to exceed that provided in part...
• Section 141.2411 Money Deposited In Special Fund; Use.
  The money in each special fund required by this part shall be deposited in a bank account separate from any other money of the...
• Section 141.2413 Anticipation Of Long-term Municipal Security Proceeds; Issuance Of Short-term Municipal Security; Authorization Of Principal, Interest, And Redemption Premiums; Limitation On Principal Amount; Use Of Proceeds.
  (1) A municipality may by resolution of its governing body, and without a vote of its electors, issue a short-term municipal security in anticipation...
• Section 141.2415 Anticipation Of State Or Federal Grants; Issuance Of Short-term Municipal Security; Pledge Of Grant Proceeds As Payment Of Principal, Interest, And Redemption Premiums; Limitation On Principal Amount; Use Of Municipal Security Proceeds.
  (1) A municipality may by resolution of its governing body, and without a vote of its electors, issue a short-term municipal security in anticipation...

Last modified: October 10, 2016