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Michigan Compiled Laws 34-2001-vii Part VII Tax Levies, Debt Retirement, And Sinking Fund (141.2701...141.2821)
Section 141.2701 Annual Tax Levy; Determination; Limitation Not Applicable; Adjustment In Event Of Surplus Funds; Use Of Money Remaining In Debt Retirement Fund; Priority; Set Aside Of Tax Collections Allocable To Principal And Interest Payment; Failure Of Officer To Perform Duties; “tax Levy” Defined.
(1) Subject to subsection (3), if a municipality has municipal securities outstanding, or with the approval of its electors has authorized the issuance of...
Section 141.2705 Debt Retirement Funds; Accounting; Use; Pooled Or Combined For Deposit Or Investment; Certification Of Debt Retirement.
(1) Debt retirement funds, except in the case of a common debt retirement fund maintained by a school district pursuant to section 1223 of...
Section 141.2707 Sinking Fund; Use; Deposit; Accounting.
Any municipality issuing a mandatory redemption refunding security under the provisions of part VI shall provide a sinking fund or funds for the retirement...
34-2001-vii-viii Chapter VIII (141.2801...141.2821)
Last modified: October 10, 2016