2006 Michigan Compiled Laws - 206-1893-ACCOUNTS-AND-SETTLEMENT-THEREOF.

THE GENERAL PROPERTY TAX ACT (EXCERPT)
Act 206 of 1893 ACCOUNTS AND SETTLEMENT THEREOF.

Document	Description
Section 211.87	Adjustment of accounts; statement of account; interest on delinquent payments; charge back lists.
Section 211.87a	Detailed statement of delinquent taxes to school district; contents; city or township treasurer; duty.
Section 211.87b	Delinquent tax revolving fund; creation; designation; payments; recovery of delinquent taxes and interest; validation and confirmation of resolution or agreement; segregation into separate funds; county treasurer as agent; powers and duties of county treasurer; payment to local taxing unit; interest charges, penalties, and county property tax administration fee rates; transfer of surplus; borrowing money; alternative method for paying delinquent taxes.
Section 211.87c	Delinquent tax revolving fund; resolution authorizing issuance of notes; county treasurer as agent; amounts payable from surplus; limitations; pledge of delinquent taxes; segregated fund or account; disposition of note proceeds; requirements as to notes and resolution authorizing issuance; sale and award of notes; full faith and credit; designation as general obligation tax notes; provisions; payment and registration of notes; tax exemption; county under home rule charter; fee entitlement; notes secured under trust or escrow agreement; exemption from revised municipal finance act.
Section 211.87d	Submitting to voters question of issuing revolving fund notes at general or special election; establishment of revolving fund; limitation; form of question; issuance of notes; issuance of general obligation tax notes secured by delinquent taxes; submitting question annually; issuance of nonvoted notes; issuance of coupon notes.
Section 211.87e, 211.87f	Repealed. 2002, Act 165, Imd. Eff. Apr. 11, 2002.
Section 211.87g	Contract for registration of notes with bank or trust company; provisions; delivery of notes to depository trustee; authentication; issuance of registered notes without actual or facsimile seal or signature of treasurer.
Section 211.88	Repealed. 2001, Act 94, Eff. Dec. 31, 2003.
Section 211.89	Provisions applicable for time period prescribed in subsection (2); applicability of subsection (1).
Section 211.89a	City containing first class school district; return of uncollected delinquent taxes to city treasurer; personal liability; right of city to bring in personam action; remittance by county treasurer; "first class school district" defined.
Section 211.89b	City containing first class school district; taxes levied after December 31, 2003; "first class school district" defined.
Section 211.90	Compensation and expenses; payment.
Section 211.91	Losses by default; allocation.

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