125.2121a Use of disbursement pursuant to MCL 125.2121 (4)(a) and (b).
98 words·~1 min read·
/mi/chapter-125/125-2121aA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
125.2121a Use of disbursement pursuant to MCL 125.2121 (4)(a) and (b).
Sec. 21a.
(1)Except as otherwise provided in subsection
(2)and section 21(9), the local governmental unit shall use the amount disbursed to the local governmental unit pursuant to section 21(4)(a) and
(b)only to fund capital improvements identified in the spending plan that the local governmental unit submitted to the authority.
(2)Upon approval of the authority, the local governmental unit may utilize the funds described in subsection
(1)for any purpose authorized under this act.
History: Add. 1994, Act 230, Imd. Eff. June 30, 1994