2006 Michigan Compiled Laws - 34-2001-IV

REVISED MUNICIPAL FINANCE ACT (EXCERPT)
Act 34 of 2001
Part IV
SHORT-TERM MUNICIPAL SECURITIES

DocumentDescription
Section 141.2401Short-term municipal securities; issuance; conditions; public airport authority.
Section 141.2403Resolution authorizing municipal security; tax levy provision; operating expenditures; limitation; set aside of taxes collected; tax installments; capital improvements; debt service charges.
Section 141.2405Issuance of short-term municipal securities; payments allowed; operating expenditures or debt service charges; limitation; authorizing resolution; set aside of taxes collected; capital improvements; deduction of outstanding principal amount.
Section 141.2407Anticipation of revenue sharing payments; issuance of short-term municipal securities; payment of operating expenditures; authorizing resolution; set aside of amounts for payment of principal and interest.
Section 141.2409Interest rate; limitation; payment.
Section 141.2411Money deposited in special fund; use.
Section 141.2413Anticipation of long-term municipal security proceeds; issuance of short-term municipal security; authorization of principal, interest, and redemption premiums; limitation on principal amount; use of proceeds.
Section 141.2415Anticipation of state or federal grants; issuance of short-term municipal security; pledge of grant proceeds as payment of principal, interest, and redemption premiums; limitation on principal amount; use of municipal security proceeds.

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