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2006 Michigan Compiled Laws - Act 342 of 1969


INTEREST RATES FOR PUBLIC CORPORATIONS

Act 342 of 1969

AN ACT to establish a maximum rate of interest at which public corporations may issue bonds and other evidences of indebtedness; and to authorize public corporations to establish, fix and adjust maximum rates of interest on certain assessments or contract obligations.


History: 1969, Act 342, Imd. Eff. Dec. 26, 1969 ;--Am. 1971, Act 40, Imd. Eff. June 17, 1971




The People of the State of Michigan enact:

DocumentDescription
Section 141.151Definitions.
Section 141.152Maximum interest rate on certain bonds and evidences of indebtedness.
Section 141.153Maximum interest rate on assessments or certain contract obligations; adjustment.

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