There is a newer version of the Michigan Compiled Laws
2012 Michigan Compiled Laws
Chapter 141 — MUNICIPAL FINANCING
Act 80 of 1981 — FISCAL STABILIZATION ACT (141.1001 - 141.1011)
- Section 141.1001 — Short title.
- Section 141.1002 — State administrative board; powers and duties; actions of board.
- Section 141.1003 — Cities or counties authorized to borrow money and issue general obligation bonds or obligations to fund operating deficit.
- Section 141.1004 — Application for order approving bonds or obligations; resolution; determination of accumulated operating deficit; conditions and determinations; statement; issuance of order; determinations and findings conclusive; maximum amount of bonds or obligations; exceptions; bonds or obligations not subject to revised municipal finance act; agency financing reporting act applicable.
- Section 141.1005 — Bonds or obligations; amounts included.
- Section 141.1006 — Bonds or obligations; terms and conditions.
- Section 141.1007 — Levy of property taxes for payment of principal and interest on bonds or obligations.
- Section 141.1008 — Issuing bonds or obligations as limited tax bonds or obligations; resolution without vote of electors and publication of notice; submitting question to electors; approval or disapproval; prior actions.
- Section 141.1009 — Bonds or obligations issued before April 11, 1988; bonds or obligations issued after April 11, 1988 and before January 1, 2010; powers of legislative body; agreement providing for direct payment of distributable aid to paying agent, trustee, escrow agent, or other person; lien; special fund; use of taxes; definition.
- Section 141.1010 — Action to enforce compliance with act.
- Section 141.1011 — Conditional effective date.
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