There is a newer version of the Michigan Compiled Laws
2012 Michigan Compiled Laws
Chapter 141 — MUNICIPAL FINANCING
Act 243 of 1980 — EMERGENCY MUNICIPAL LOAN ACT (141.931 - 141.942)
Section 141.933a — Proceeds of a loan; special assessment.
MI Comp L § 141.933a (2012 through Reg Sess) What's This?
EMERGENCY MUNICIPAL LOAN ACT (EXCERPT)
Act 243 of 1980
141.933a Proceeds of a loan; special assessment.
Sec. 3a.
The proceeds of a loan issued under this act to a municipality shall not be used by the municipality to finance any costs associated with a special assessment or special assessment district established after the effective date of the amendatory act that added this section.
History: Add. 2012, Act 284, Imd. Eff. Aug. 1, 2012
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