Michigan Code § 123.1291

Advance or Loan of Money From Local Governing Body to Authority.
Open in Lexace · Ask the AI about this section
Sec. 31.
The governing body of the local government comprising the authority may advance or loan to the authority any money required for administrative expenses or for the purpose of obtaining maps, plans, designs, specifications, and cost estimates of a proposed lighting system. An advance or loan may be included as a part of any bond issue by the authority under this act and repaid to the local government upon the sale of the bonds.
History: 2012, Act 392, Imd. Eff. Dec. 19, 2012

‹ Prev All Michigan sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.