There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - Mich. Comp. Laws § 141.442 Budget stabilization fund; creation.
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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.
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