Michigan Compiled Laws 34-2001-v Part V Long-term Municipal Securities (141.2501...141.2518)

• Section 141.2501 Maturity Time Periods.
  (1) Except as otherwise provided for by law, or as otherwise provided in part VI, a municipal security issued by a municipality under this...
• Section 141.2503 Municipal Securities Of A Single Issue; Maturity Or Redemption Date; Purchase At Open Market; Redemption Requirements; Municipal Securities Of School District; Municipal Security Issued By County, City, Village, Or Township Pursuant To Mcl 141.2518.
  (1) Municipal securities of a single issue may mature serially or be subject to mandatory redemptions, or both, with maturities as fixed by the...
• Section 141.2505 Municipal Securities Secured By Special Assessments.
  The total amount of municipal securities secured by special assessments and pledging the limited tax full faith and credit of the municipality shall at...
• Section 141.2507 Interest Rate Charge On Special Assessments.
  A municipality issuing a municipal security in anticipation of special assessments may, notwithstanding any charter or ordinance provisions to the contrary, charge a rate...
• Section 141.2509 Reserve Fund; Establishment.
  A municipality may pay interest that accrues on a municipal security during the first 3 years after the date of issuance of the municipal...
• Section 141.2511 Issuance Of Municipal Securities To Fund County Drain Special Assessment.
  Any county, township, city, or village, by resolution of its governing body and without a vote of its electors, may issue municipal securities for...
• Section 141.2513 Debt Incurred; Issuance Of Municipal Securities Secured By Limited Tax Full Faith And Credit Pledge.
  (1) A municipality by resolution of its governing body or by entry into an intergovernmental contract pursuant to section 5 of 1951 PA 35,...
• Section 141.2515 Water Supply Or Sewage Disposal, Public Building, Or Other Public Improvement; Delivery Of Municipal Security To Defray Cost.
  (1) A municipality may deliver a municipal security to this state or the federal government for the purpose of defraying the whole or part...
• Section 141.2517 Capital Improvement Items; Issuance Of Municipal Security To Pay Cost; Notice Of Intent; Petition; Referendum; Special Election; Limitation On Amount.
  (1) A county, city, village, or township may by resolution of its governing body, and without a vote of its electors, issue a municipal...
• Section 141.2518 Payment Of Unfunded Pension Liability Or Unfunded Accrued Health Care Liability; Issuance Of Municipal Security.
  (1) Through December 31, 2018, in connection with the partial or complete cessation of accruals to a defined benefit plan or the closure of...

Last modified: October 10, 2016