There is a newer version of the Michigan Compiled Laws
2012 Michigan Compiled Laws
Chapter 141 — MUNICIPAL FINANCING
Act 30 of 1978 — BUDGET STABILIZATION FUND (141.441 - 141.445)
Section 141.442 — Budget stabilization fund; creation.
MI Comp L § 141.442 (2012 through Reg Sess) What's This?
BUDGET STABILIZATION FUND (EXCERPT)
Act 30 of 1978
141.442 Budget stabilization fund; creation.
Sec. 2.
The governing body of a municipality by an ordinance adopted by a 2/3 vote of the members elected and serving may create a budget stabilization fund.
History: 1978, Act 30, Imd. Eff. Feb. 24, 1978
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