Michigan Compiled Laws § 324.30717 Acceptance And Repayment Of Advance.


324.30717 Acceptance and repayment of advance.

Sec. 30717.

The delegated authority may accept the advance of work, material, or money in connection with a normal level project. The obligation to repay an advance out of special assessments under this part may be evidenced by a note or contract. Notes and contracts issued under this section are subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.


History: Add. 1995, Act 59, Imd. Eff. May 24, 1995 ;-- Am. 2002, Act 217, Imd. Eff. Apr. 29, 2002
Popular Name: Act 451
Popular Name: NREPA


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Last modified: October 10, 2016