reglab/housing_qa huggingface dataset:
MI Comp L § 141.31 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 161 of 1923 - Board of Sinking Fund Commissioners (141.31 - 141.40)|Section 141.31 - Bond Issues; Requisite Sinking Funds.

141.31 Bond issues; requisite sinking funds. Sec. 1.  That from and after the passage of this act, before any county in the state of Michigan shall issue any bonds except serial bonds and bonds having a special security, the legislative body of such county shall pass a resolution providing for the levying and assessment in each year during the life of the bonds to be issued of a tax which shall raise annually a sufficient sum to pay the interest on said bonds as the same shall accrue and to pay the principal of said bonds at maturity. Said resolution may contain a proviso that the amount levied and assessed in any 1 year under the provisions of the resolution may be reduced by the amount of money earned by the sinking fund during the immediately preceding year. The county treasurer shall keep a separate and distinct account for each item of the sinking fund set aside and pledged to the retirement of each issue of county bonds. History: 1923, Act 161, Eff. Aug. 30, 1923 ;-- CL 1929, 1246 ;-- CL 1948, 141.31
MI Comp L § 141.32 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 161 of 1923 - Board of Sinking Fund Commissioners (141.31 - 141.40)|Section 141.32 - Sinking Fund Commissioners.

141.32 Sinking fund commissioners. Sec. 2.  The county treasurer, the county clerk, the register of deeds, the chairman of the board of supervisors and the chairman of the finance committee of the board of supervisors of the several counties of this state shall constitute and be a board of sinking fund commissioners: Provided, however, That in counties having a board of auditors, the board of sinking fund commissioners shall consist of the county treasurer, the county clerk, chairman of the board of supervisors and the chairman of the board of county auditors. History: 1923, Act 161, Eff. Aug. 30, 1923 ;-- CL 1929, 1247 ;-- CL 1948, 141.32
MI Comp L § 141.33 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 161 of 1923 - Board of Sinking Fund Commissioners (141.31 - 141.40)|Section 141.33 - Sinking Fund Commissioners; Control of Fund, Application; Payment, Manner.

141.33 Sinking fund commissioners; control of fund, application; payment, manner. Sec. 3.  The said board of sinking fund commissioners shall have exclusive control of the money of the sinking fund and shall faithfully apply the same whenever possible, or it may appear to the county's interests, to the payment of the principal and interest of the bonded indebtedness of the county, and to no other purpose whatever, excepting as herein otherwise provided. The moneys in the sinking fund and the various accounts thereof shall be held by the county treasurer but no warrant shall be paid from said fund except in compliance with the resolution duly passed by said board of sinking fund commissioners, appearing upon the minutes of said board, and upon a warrant countersigned by the chairman of the board of sinking fund commissioners: Provided, however, That the countersigning of any warrant by the chairman of the board of sinking fund commissioners shall be invalid unless the signature include the designation "chairman of the board of sinking fund commissioners." History: 1923, Act 161, Eff. Aug. 30, 1923 ;-- CL 1929, 1248 ;-- CL 1948, 141.33
MI Comp L § 141.34 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 161 of 1923 - Board of Sinking Fund Commissioners (141.31 - 141.40)|Section 141.34 - Sinking Fund Commissioners; Handling of Funds, Investment; Bonded Debt.

141.34 Sinking fund commissioners; handling of funds, investment; bonded debt. Sec. 4.  The said board of sinking fund commissioners shall from time to time, as it shall deem expedient, purchase or pay the outstanding bonded debt of the county or such part thereof as it may be able to purchase or pay until the full amount thereof be fully purchased or paid. Whenever the board of sinking fund commissioners cannot arrange for the purchasing or paying of said debt or any part thereof, it shall temporarily, or until it can so arrange, invest the moneys belonging to the sinking fund in such interest bearing securities issued by the state of Michigan or by any municipal subdivision thereof or by the United States government as it may deem advisable; and all matured bonds or evidences of debt so purchased shall be delivered to the county treasurer and shall become and be the property of the county, held and controlled by said board of sinking fund commissioners, and the interest thereon as it thereafter becomes due shall be credited and belong to the sinking fund. History: 1923, Act 161, Eff. Aug. 30, 1923 ;-- CL 1929, 1249 ;-- CL 1948, 141.34
MI Comp L § 141.35 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 161 of 1923 - Board of Sinking Fund Commissioners (141.31 - 141.40)|Section 141.35 - Sinking Fund Commissioners; Annual Meeting, Procedure; Rules; Authorizing Vote; Clerk, Records.

141.35 Sinking fund commissioners; annual meeting, procedure; rules; authorizing vote; clerk, records. Sec. 5.  The annual meeting of the said board of sinking fund commissioners shall be held on the first Tuesday of each year. Said board may, however, meet from time to time for the transaction of business and may adopt rules of procedure for its meetings. A majority of the whole board shall constitute a quorum for the transaction of business but they shall not purchase or pay the outstanding debt of said county, or invest any of the money belonging to the sinking fund as above provided, unless by affirmative vote taken by yeas and nays, entered upon the record, showing a 3/5 vote of all the members-elect at a regular meeting or a special meeting called for such purpose. The county clerk shall be clerk of the board of sinking fund commissioners and the chairman shall be either the chairman of the board of supervisors or the chairman of the board of county auditors as the case may be. The records of the sinking fund commission shall be kept on file in the office of the county clerk as part of his official records. History: 1923, Act 161, Eff. Aug. 30, 1923 ;-- CL 1929, 1250 ;-- CL 1948, 141.35
MI Comp L § 141.36 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 161 of 1923 - Board of Sinking Fund Commissioners (141.31 - 141.40)|Section 141.36 - Sinking Fund Commissioners; Condition Reports to Board; Tax Recommendations.

141.36 Sinking fund commissioners; condition reports to board; tax recommendations. Sec. 6.  The board of sinking fund commissioners shall from time to time, but at least annually, and whenever requested by the board of supervisors, make report of the condition of the sinking fund, which report shall be made to the board of supervisors and then referred to and filed with the county clerk and be recorded by him. It shall recommend to the board of supervisors the sum of money that in its judgment should be raised by direct taxation for the benefit of the sinking fund. History: 1923, Act 161, Eff. Aug. 30, 1923 ;-- CL 1929, 1251 ;-- CL 1948, 141.36
MI Comp L § 141.37 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 161 of 1923 - Board of Sinking Fund Commissioners (141.31 - 141.40)|Section 141.37 - Bond Sale; Interest, Credit; Expenses of Commissioners.

141.37 Bond sale; interest, credit; expenses of commissioners.  Sec. 7.  Whenever any issue of the bonds of the county shall be sold for more than par value all the premium and accrued interest shall be credited and belong to the sinking fund. All the interest paid to the county on securities held by the county shall belong to and be placed in the sinking fund. The board of sinking fund commissioners shall receive their actual expenses incurred in the performance of their duties which shall be a proper charge against the county to be paid from the general fund. History: 1923, Act 161, Eff. Aug. 30, 1923 ;-- CL 1929, 1252 ;-- CL 1948, 141.37
MI Comp L § 141.38 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 161 of 1923 - Board of Sinking Fund Commissioners (141.31 - 141.40)|Section 141.38 - Suit on Securities.

141.38 Suit on securities. Sec. 8.  The said board of sinking fund commissioners shall have power and authority to bring suit for the purpose of enforcing the collection of any bonds or securities taken by it for the benefit of the sinking fund or for any purpose within the scope of their duties, but said suits shall be instituted and carried on in the name of the county. History: 1923, Act 161, Eff. Aug. 30, 1923 ;-- CL 1929, 1253 ;-- CL 1948, 141.38
MI Comp L § 141.39 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 161 of 1923 - Board of Sinking Fund Commissioners (141.31 - 141.40)|Section 141.39 - Saving Clause; Construction of Act.

141.39 Saving clause; construction of act. Sec. 9.  In any county within the state of Michigan, which may have elected to act under the provisions of Act No. 42 of the Public Acts of 1913, the provisions of said act shall continue in force in said county until said county shall by referendum elect to operate under the provisions of this act. This act shall not be construed to supersede the provisions of any local or special act relating to the establishment or maintenance of a county sinking fund effective in any county of the state of Michigan until such county by referendum shall elect to come under the provisions of this act. Such referendum may be had by resolution of the board of supervisors, either of its own motion or upon the petition of 10 per centum of the electors of the county. History: 1923, Act 161, Eff. Aug. 30, 1923 ;-- CL 1929, 1254 ;-- CL 1948, 141.39 Compiler's Notes: For provisions of Act 42 of 1913, referred to in this section, see MCL 141.11 et seq.
MI Comp L § 141.40 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 161 of 1923 - Board of Sinking Fund Commissioners (141.31 - 141.40)|Section 141.40 - Violation of MCL 168.1 to 168.992 Applicable to Petitions; Penalties.

141.40 Violation of MCL 168.1 to 168.992 applicable to petitions; penalties. Sec. 10.  A petition under section 9, including the circulation and signing of the petition, is subject to section 488 of the Michigan election law, 1954 PA 116, MCL 168.488. A person who violates a provision of the Michigan election law, 1954 PA 116, MCL 168.1 to 168.992, applicable to a petition described in this section is subject to the penalties prescribed for that violation in the Michigan election law, 1954 PA 116, MCL 168.1 to 168.992. History: Add. 1998, Act 163, Eff. Mar. 23, 1999
MI Comp L § 141.51 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 14 of 1926 (Ex. Sess.) - Sinking Fund for Public Buildings (141.51 - 141.55)|Section 141.51 - Creation of Sinking Fund for Public Buildings and Sites; Tax Referendum.

141.51 Creation of sinking fund for public buildings and sites; tax referendum. Sec. 1.  The board of supervisors of any county are hereby authorized to levy a tax of not to exceed 2 mills on the assessed valuation of said county each year for a period of not to exceed 10 years, for the purpose of creating a sinking fund to be used for the purchase of real estate for sites for, and the construction or repair of public buildings; provided the proposition of levying such tax to create such sinking fund shall be submitted to the electors of the county and approved by a majority of those voting thereon in the manner provided in this act. History: 1926, Ex. Sess., Act 14, Imd. Eff. Mar. 13, 1926 ;-- CL 1929, 1256 ;-- CL 1948, 141.51
MI Comp L § 141.52 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 14 of 1926 (Ex. Sess.) - Sinking Fund for Public Buildings (141.51 - 141.55)|Section 141.52 - Tax Referendum Procedure.

141.52 Tax referendum procedure. Sec. 2.  Whenever the board of supervisors of any county shall by resolution vote in favor of levying a tax to create a sinking fund as provided in section 1 of this act, the question of levying such tax shall be submitted to the electors of the county at the general November election, the annual spring election, or at any special election called for that purpose, subsequent to the passage of such resolution by the board of supervisors. A copy of such resolution shall be served upon the sheriff of the county by the county clerk. It shall be the duty of the sheriff at least 20 days prior to the date of the election, at which such question shall be submitted to the electors, to cause to be delivered to the township clerk in each township, and to the city clerk in each city in his county, a notice in writing that at such election there will be submitted to the electors of such county the question of raising the amount prescribed in the resolution passed by the board of supervisors, and to cause the same to be published in 1 or more newspapers printed and circulating in said county, if one be printed and circulated therein, at least once during each of 2 consecutive weeks before said election. History: 1926, Ex. Sess., Act 14, Imd. Eff. Mar. 13, 1926 ;-- Am. 1927, Act 184, Eff. Sept. 5, 1927 ;-- CL 1929, 1257 ;-- CL 1948, 141.52
MI Comp L § 141.53 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 14 of 1926 (Ex. Sess.) - Sinking Fund for Public Buildings (141.51 - 141.55)|Section 141.53 - Requisite Notices.

141.53 Requisite notices. Sec. 3.  It shall be the duty of the township clerk or city clerk upon receipt of the notice herein required, to give notice in writing under his hand of the time and place when such question will be submitted to the electors. Such township clerk or city clerk shall cause such notice to be posted up in at least 5 of the most public places in the said township or in 5 of the most public places in each ward of said city at least 10 days before said election. History: 1926, Ex. Sess., Act 14, Imd. Eff. Mar. 13, 1926 ;-- Am. 1927, Act 184, Eff. Sept. 5, 1927 ;-- CL 1929, 1258 ;-- CL 1948, 141.53
MI Comp L § 141.54 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 14 of 1926 (Ex. Sess.) - Sinking Fund for Public Buildings (141.51 - 141.55)|Section 141.54 - Ballots; Form, Contents, Distribution, Counting; Authorizing Vote; Levy.

141.54 Ballots; form, contents, distribution, counting; authorizing vote; levy. Sec. 4.  It shall be the duty of the board of election commissioners of such county to prepare the necessary ballots for the use of the electors in voting upon the question referred to in this act. The said question shall be printed upon a ballot separate and distinct from all other ballots, which ballot shall be in the following form: Instruction to Voter.  Mark a cross in the square to the left of the word "Yes" or "No."  "To authorize the board of supervisors to levy a tax of ..... each year for a period of ..... years, to create a sinking fund to be used for .......................................................................................   .................................................. [ ]"Yes".  .................................................. [ ]"No".  There shall be inserted in the above blanks the amount of the tax to be assessed each year, not exceeding 2 mills in any case, the number of years for which the tax is to be levied and the purpose for which the sinking fund to be created shall be used. The ballots so prepared shall be distributed by the board of election commissioners within the same time and in the same manner that ballots are distributed prior to a general election. All ballots upon which an elector marks a cross in the square to the left of the word "Yes," shall be counted in favor of levying the tax stated in the resolution of the board of supervisors, and all ballots upon which an elector marks a cross in the square to the left of the word "No", shall be counted against the question of levying the tax stated in the resolution of the board of supervisors. All ballots cast at any election on such question, shall be received, counted, canvassed and returned in the manner now governing for the election of county officers. If at any election a majority of the electors voting on such question shall decide in favor of authorizing the board of supervisors to levy the tax in the amount and for the period of years set forth in said resolution, it shall be the duty of the board of supervisors to levy said tax, commencing with the next annual tax roll following said election and continuing for the full period of years as set forth in said resolution. History: 1926, Ex. Sess., Act 14, Imd. Eff. Mar. 13, 1926 ;-- CL 1929, 1259 ;-- CL 1948, 141.54
MI Comp L § 141.55 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 14 of 1926 (Ex. Sess.) - Sinking Fund for Public Buildings (141.51 - 141.55)|Section 141.55 - Sinking Fund Control.

141.55 Sinking fund control. Sec. 5.  The sinking fund to be created under the provisions of this act shall be under the control of the board of county sinking fund commissioners provided by Act No. 42 of the Public Acts of 1913, the same being sections 2386 to 2396 of the Compiled Laws of 1915, or provided by Act No. 161 of the Public Acts of 1923, subject to the supervision and direction of the board of supervisors. History: 1926, Ex. Sess., Act 14, Imd. Eff. Mar. 13, 1926 ;-- CL 1929, 1260 ;-- CL 1948, 141.55 Compiler's Notes: For provisions of Act 42 of 1913, referred to in this section, see MCL 141.11 et seq. For provisions of Act 161 of 1923 , also referred to in this section, see MCL 141.31 et seq.
MI Comp L § 141.61 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 118 of 1923 - Permanent Improvements by Counties (141.61 - 141.66)|Section 141.61 - Borrowing Money for Permanent Improvements; Issuance, Sale, and Payment of Bonds.

141.61 Borrowing money for permanent improvements; issuance, sale, and payment of bonds. Sec. 1.  When the county board of commissioners of any county within this state considers it expedient for the county or its lawful officers, agents, and servants to make or cause to be made any permanent improvement or improvements in or additions to or about roads, highways, bridges, boulevards, parks, buildings, courthouses, infirmaries, sanatoria, or any other permanent improvements, authorized by law, relating to county property or to public property under the control or management of county authorities, the county board of commissioners may, by resolution of a majority of the members-elect, authorize and direct the borrowing on the faith and credit of the county of the sums of money as in the judgment of the board may be needed, subject to the constitutional limitations upon county indebtedness, and the county board of commissioners may, in the resolution, authorize and direct the issue and sale of bonds of the county to secure the repayment of the sums borrowed, which bonds shall be paid from taxes levied without limitation as to rate or amount to the extent necessary for the repayment of the bonds. For any permanent improvement that may lawfully be made by the county authorities on the faith and credit of the county, the bonds of the county may be issued and sold to raise the money to pay for the improvement, or the bonds may be issued and negotiated to secure the payment of indebtedness incurred in making the permanent improvements. The bonds issued under this act are subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.  History: 1923, Act 118, Eff. Aug. 30, 1923 ;-- CL 1929, 2347 ;-- Am. 1941, Act 282, Eff. Jan. 10, 1942 ;-- CL 1948, 141.61 ;-- Am. 1973, Act 123, Imd. Eff. Aug. 21, 1973 ;-- Am. 2002, Act 286, Imd. Eff. May 9, 2002
MI Comp L § 141.61a (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 118 of 1923 - Permanent Improvements by Counties (141.61 - 141.66)|Section 141.61a - Constructing, Equipping, or Making Alterations in Public Buildings; Authorization of Expenditures.

141.61a Constructing, equipping, or making alterations in public buildings; authorization of expenditures. Sec. 1a.  The county board of commissioners without submitting the same to the vote of the electors may authorize annually the expenditure of any funds on hand not raised by taxation for the purpose of constructing, equipping, or making alterations in any of the public buildings in the county if the county board of commissioners shall by resolution of a majority of the total membership of the board authorize the same. History: Add. 1941, Act 282, Eff. Jan. 10, 1942 ;-- CL 1948, 141.61a ;-- Am. 1957, Act 186, Imd. Eff. June 4, 1957 ;-- Am. 1973, Act 123, Imd. Eff. Aug. 21, 1973 ;-- Am. 1975, Act 162, Imd. Eff. July 14, 1975
MI Comp L § 141.62 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 118 of 1923 - Permanent Improvements by Counties (141.61 - 141.66)|Section 141.62 - Board's Resolution; Contents; Referendum.

141.62 Board's resolution; contents; referendum. Sec. 2.  The resolution of the board of supervisors shall contain a proviso that it shall not become effective or binding upon the county until it shall be approved by a majority of the electors voting at an election to be designated. The board of supervisors may submit the question of the issue and sale of said bonds at any regular election held under the general laws of the state of Michigan at which the electors of the entire county vote, or it may designate a special election to be called by the county clerk by direction of said board of supervisors for the purpose of submitting to the electors the question of issuing said bonds. The board of supervisors may call a special election for the purposes of this act upon a date coincident with any local or municipal election or primary election for any portion of the county. History: 1923, Act 118, Eff. Aug. 30, 1923 ;-- CL 1929, 2348 ;-- CL 1948, 141.62