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Code · Michigan · Chapter 141 — Municipal Financing

141.933a Proceeds of a loan; special assessment.

65 words·~1 min read·/mi/chapter-141/141-933a

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141.933a Proceeds of a loan; special assessment.
Sec. 3a.
The proceeds of a loan issued under this act to a municipality shall not be used by the municipality to finance any costs associated with a special assessment or special assessment district established after the effective date of the amendatory act that added this section.
History: Add. 2012, Act 284 , Imd. Eff. Aug. 1, 2012
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