2012 Michigan Compiled Laws
Chapter 141 — MUNICIPAL FINANCING
Act 227 of 1985 — SHARED CREDIT RATING ACT (141.1051 - 141.1078)***** 141.1057.amended THIS AMENDED SECTION IS EFFECTIVE MARCH 28, 2013 ***** ***** 141.1057 THIS SECTION IS AMENDED EFFECTIVE MARCH 28, 2013: See 141.1057.amended *****
Section 141.1075 — Construction of act.
SHARED CREDIT RATING ACT (EXCERPT)
Act 227 of 1985
141.1075 Construction of act.
Sec. 25.
(1) This act shall be construed liberally to effectuate the legislative intent and the purposes as complete and independent authority for the performance of each and every act and thing authorized by this act and all powers granted shall be broadly interpreted to effectuate the intent and purposes and not as a limitation of powers.
(2) This act shall be construed liberally to assure compliance with the federal water pollution control act and with any applicable rules promulgated under that act, and with the federal safe drinking water act and with any applicable rules promulgated under that act.
History: 1985, Act 227, Eff. Mar. 31, 1986 ;-- Am. 1988, Act 316, Eff. Sept. 1, 1988 ;-- Am. 1997, Act 27, Imd. Eff. June 17, 1997
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
