Michigan Compiled Laws 215-1895-xxx Chapter XXX Finance And Taxation. (110.1...110.29)

• Section 110.1 Fiscal Year.
  The fiscal year of cities subject to the provisions of this act shall commence on the first Monday of March in each year, or...
• Section 110.2 Council's Power Of Taxation; Collection; Installments.
  The council of any such city shall have authority, within the limitations herein prescribed, to raise annually by taxation within the corporation such sum...
• Section 110.3 Tax Revenues; Division Into Funds.
  The revenues raised by general tax upon all the property in the city or by loan to be repaid by a general tax shall...
• Section 110.4 Tax Money; Special Funds.
  Revenues and moneys raised by taxation in special districts of the city shall be divided into the following special funds: First, A street district...
• Section 110.5 Taxes For General Fund; Limitation On Council.
  The aggregate amount which the council may raise by general tax upon the taxable real and personal property in the city for the purpose...
• Section 110.6 Tax Raised In Street District; Purposes, Limitation.
  The council may also raise by tax in each street district for defraying the expenses of working upon, improving and repairing and cleaning the...
• Section 110.7 Special Assessments; Purposes; Local Improvements, Street And Drain Construction.
  In addition to the above amounts, the council may raise by special assessment in sewer districts and special assessment districts, for the purpose of...
• Section 110.8 Private Sewer Tax.
  A tax or assessment of not more than 2 dollars per year may be levied upon each lot or premises drained by a private...
• Section 110.9 Annual Tax Levy; Purpose; Credit For Surplus Moneys.
  The council shall also raise annually by taxation, an amount such that the estimated collections therefrom are sufficient to promptly pay when due the...
• Section 110.10 Expense Estimates Of Council; Time, Contents.
  It shall be the duty of the council to cause estimates to be made in the month of September, or in the month of...
• Section 110.11 Expense Estimate Of Council; Deficiencies; Installment Levies.
  The council shall also in the same month determine upon the amount required to be raised in the next general tax levy to meet...
• Section 110.12 Annual Appropriation Bill; Purpose; Contents.
  The council shall also in the said month of September, or in said month of May where the council has decided to have the...
• Section 110.13 Taxes Certified To Board Of Supervisors And Ward Supervisors; Manner.
  All sums ordered in the annual appropriation bill, in any year to be raised for the several general funds (except in cases where the...
• Section 110.14 Annual Appropriation Bill; Raising Of Moneys After Passage Prohibited.
  After the passage of the annual appropriation bill, no further sums shall be used, raised or appropriated; nor shall any further liability be incurred...
• Section 110.15 Improvements Prohibited Unless Appropriation Made; Expenditures Only From Appropriations.
  No improvement, work, repairs or expense, to be paid for out of any general fund, or street district fund, excepting as herein otherwise provided,...
• Section 110.16 Improvements Financed By Special Assessments.
  Sections 14 and 15 of this chapter do not apply to appropriations, contracts, incurring of liabilities, expenditures and work in connection with any improvements...
• Section 110.17 Improvement Before Tax Levy Prohibited.
  No public work, improvement or expenditure shall be commenced, nor any contract therefor be let or made, except as herein otherwise provided, until a...
• Section 110.18 Taxes And Loans For Capital Improvements; Bonds; Limitation.
  Instead of levying a tax for the whole amount authorized by this act to be raised in that manner in any year, for the...
• Section 110.19 Loan In Anticipation Of Receipts From Special Assessments; Purpose; Limitation; Bonds.
  The council shall also have authority to raise moneys by loan in anticipation of the receipts from special assessments for the purpose of defraying...
• Section 110.20 Tax Or Loan To Raise Greater Amount; Vote Of Electors; Maximum Amount; Limitation On Amount Of Indebtedness; Fire, Flood, Or Other Calamity Requiring Emergency Fund; Exclusions From Computation Of Net Indebtedness; Deducting Resources Of Sinking Fund; Validation Of Bonds Or Contract Or Assessment Obligations; Calculating Assessed Value Equivalent.
  (1) If a greater amount is required in any year for a lawful purpose than can be raised by the council under the provisions...
• Section 110.21 Bonds; Approval Of Electors Required; Exceptions.
  Bonds shall not be issued, except special assessment bonds, bonds for the portion of the cost of local improvements to be paid by the...
• Section 110.22 Accounting Rules; Moneys Received.
  All moneys and taxes raised, loaned or appropriated for the purposes of any particular fund, shall be paid in and credited to such fund,...
• Section 110.23 Moneys; Procedure For Disbursement.
  No money shall be drawn from the treasury, except in pursuance of the authority and appropriation of the council and upon the warrant of...
• Section 110.24 Moneys; Drawing Upon Exhausted Funds; Warrants On Such Funds Declared Void.
  No warrant shall be drawn upon the treasury, after the fund from which it should be paid has been exhausted; nor when the liabilities...
• Section 110.25 Loans; Limitation; Bonds.
  Loans shall not be made by the council, or by its authority, in any year exceeding the amounts prescribed in this act. For any...
• Section 110.26 Annual Accounts Audit By Council; Statement, Contents.
  Immediately upon the close of the fiscal year the council shall audit and settle the accounts of the city treasurer and other officers of...
• Section 110.27 Statement Of Receipts; Filing, Publication.
  Said statement, signed by the mayor and clerk, shall be filed in the office of the city clerk, and a copy thereof published in...
• Section 110.28 Misappropriation Of Moneys; Penalty.
  If any officer of the corporation shall, directly or indirectly, appropriate or convert any of the moneys, securities, evidences of value, or any property...
• Section 110.29 Repealed. 1974, Act 345, Imd. Eff. Dec. 21, 1974.
  Compiler's Notes: The repealed section pertained to bonds.

Last modified: October 10, 2016