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Code · Michigan · Chapter 460 — Public Utilities

460.804 Definitions; M.

112 words·~1 min read·/mi/chapter-460/460-804

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460.804 Definitions; M.
Sec. 4.
(1)"Municipal bond" means a bond or note or other evidence of indebtedness payable from ad valorem taxes which a governmental unit may issue.
(2)"Municipal electric utility system" means a system owned by a municipality or combination of municipalities to furnish heat, power, and light.
(3)"Municipality" means a city, county, incorporated village, township, or metropolitan district of this state, or a board, agency, or commission thereof, owning a system or facility for the generation, transmission, or distribution of electric power and energy for public or private use, or proposing to own such a system or facility.
History: 1976, Act 448, Imd. Eff. Jan. 13, 1977
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