Michigan Compiled Laws § 280.475 Statutory Or Charter Tax Limitations Inapplicable; Rate Or Amount Of Taxes.

280.475 Statutory or charter tax limitations inapplicable; rate or amount of taxes.

Sec. 475.

Taxes levied by a public corporation for the payment of assessments hereunder shall not be deemed to be within any statutory or charter tax limitation. A public corporation may impose taxes without limitation as to rate or amount for the payment of the assessments in anticipation of which bonds are issued, which taxes shall be in addition to any taxes that the public corporation may otherwise be authorized to levy but not more than the rate or amount sufficient therefor.

History: 1956, Act 40, Imd. Eff. Mar. 28, 1956 ;-- Am. 1959, Act 77, Imd. Eff. June 29, 1959 ;-- Am. 1973, Act 208, Imd. Eff. Jan. 11, 1974
Popular Name: Act 40

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Last modified: October 10, 2016