reglab/housing_qa huggingface dataset:
MI Comp L § 141.940 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 243 of 1980 - Emergency Municipal Loan Act (141.931 - 141.942)|Section 141.940 - Repealed. 1980, Act 324, Imd. Eff. Dec. 15, 1980.

141.940 Repealed. 1980, Act 324, Imd. Eff. Dec. 15, 1980. Compiler's Notes: The repealed section pertained to local emergency financial assistance loan fund.
MI Comp L § 141.941 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 243 of 1980 - Emergency Municipal Loan Act (141.931 - 141.942)|Section 141.941 - Short Title.

141.941 Short title. Sec. 11.  This act may be known and may be cited as the "emergency municipal loan act". History: 1980, Act 243, Imd. Eff. July 24, 1980
MI Comp L § 141.942 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 243 of 1980 - Emergency Municipal Loan Act (141.931 - 141.942)|Section 141.942 - Conditional Effective Date.

141.942 Conditional effective date. Sec. 12.  This act shall not take effect unless the following Senate Bills of the 1980 regular session of the legislature are enacted into law:   (a) Senate Bill No. 1192.  (b) Senate Bill No. 1193. History: 1980, Act 243, Imd. Eff. July 24, 1980 Compiler's Notes: Senate Bill No. 1192, referred to in this section, was approved by the Governor on July 24, 1980, and became P.A. 1980, No. 242, Imd. Eff. July 24, 1980. Senate Bill No. 1193, also referred to in this section, was approved by the Governor on July 24, 1980, and became P.A. 1980, No. 241, Imd. Eff. July 24, 1980.
MI Comp L § 141.951 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 289 of 1977 - Fire Protection Services for State Facilities (141.951 - 141.956)|Section 141.951 - Definitions.

141.951 Definitions. Sec. 1.  As used in this act:  (a) "Director" means the director of the department of management and budget.  (b) "Estimated equalized value" means 50% of the final estimated value of a state facility as determined by the director.  (c) "Municipality" means a city, village, or township.  (d) "State facility" means state owned real property associated with buildings primarily used for office purposes, state prisons, or hospitals, institutions of higher education, and state owned real and inventory personal property associated with a state proprietary function, the inventory personal property of which shall be valued on the basis of the average monthly inventory for the preceding state fiscal year. History: 1977, Act 289, Eff. Mar. 30, 1978
MI Comp L § 141.952 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 289 of 1977 - Fire Protection Services for State Facilities (141.951 - 141.956)|Section 141.952 - Payments to Municipalities With State-Owned Facilities; Plan; Report; Date of Valuation; Consultations; Furnishing Local Assessor and State Tax Commission With Copies of Director's Report; Recommendations for Adjustments to Proposed Valuations; Date of Final Determination; Notice of Final Estimated Value and Final Estimated Equalized Value.

141.952 Payments to municipalities with state-owned facilities; plan; report; date of valuation; consultations; furnishing local assessor and state tax commission with copies of director's report; recommendations for adjustments to proposed valuations; date of final determination; notice of final estimated value and final estimated equalized value. Sec. 2.  (1) For the fiscal year beginning October 1, 1977, the director shall present to the house and senate appropriations committees a plan for the distribution of those funds appropriated in Act No. 91 of the Public Acts of 1977 for payments to municipalities with state owned facilities in lieu of taxes for services rendered. The payments to municipalities shall be made before July 1, 1978.  (2) For state fiscal years beginning after September 30, 1978, the director shall, annually by the preceding July 1, prepare a report for each municipality in which a state facility is located listing each state facility and the value of each state facility. The date of valuation shall be December 31 of the prior year. The director shall consult with the state tax commission, the director of the bureau of facilities in the department of management and budget, and with the assessor of the affected municipality.   (3) Copies of the director's report shall be furnished to the local assessor and the state tax commission, who may submit recommendations for adjustments to the proposed valuations within 30 days.  (4) By September 1 of each year the director shall make a final determination of value which may not be further appealed. The director shall notify the assessor, the state agency, and the treasurer of the municipality of the final estimated value for that year, and the final estimated equalized value for that year. History: 1977, Act 289, Eff. Mar. 30, 1978
MI Comp L § 141.953 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 289 of 1977 - Fire Protection Services for State Facilities (141.951 - 141.956)|Section 141.953 - Submission of Data by Municipality; Form; Review of Data; Certification of Amount; Warrant.

141.953 Submission of data by municipality; form; review of data; certification of amount; warrant. Sec. 3.  (1) By September 1 of each year, a municipality in which a state facility is located shall submit to the director the following:  (a) The dollar amount of the actual expenditures for fire protection for the municipality's preceding fiscal year.  (b) The current state equalized valuation.  (c) Certification that fire protection is provided to a state facility in the same manner as those services are provided to the municipality.   (2) Information on fire protection expenditures and state equalized valuation shall be submitted in a form prescribed by the director.  (3) The director shall review the data submitted and, before November 1 of each year, shall certify to the state treasurer an amount, determined pursuant to the formula set forth in section 4, to be paid to a municipality in which a state facility is located.  (4) The state treasurer shall draw a warrant upon the general fund of the state for the amount certified to be paid to a municipality and shall forward the warrant to the treasurer of the municipality before December 1 of each year, except as provided in section 2(1). History: 1977, Act 289, Eff. Mar. 30, 1978
MI Comp L § 141.954 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 289 of 1977 - Fire Protection Services for State Facilities (141.951 - 141.956)|Section 141.954 - Determination of Amount Due Municipality; Conditions Precluding Payment.

141.954 Determination of amount due municipality; conditions precluding payment. Sec. 4.  (1) The amount due the municipality shall be determined by dividing the estimated equalized value of the state facilities located in the municipality by the sum of the state equalized valuation of the municipality and the estimated equalized value of the facilities, and multiplying the result by the fire protection expenditures of the municipality reported to the director pursuant to section 3(2).  (2) A payment shall not be made to a municipality if the amount of the payment is less than $500.00, if the estimated equalized value of the state facility in the municipality is less than 1% of the amount of the state equalized valuation of the municipality, or if the state facility provides its own fire protection. History: 1977, Act 289, Eff. Mar. 30, 1978
MI Comp L § 141.955 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 289 of 1977 - Fire Protection Services for State Facilities (141.951 - 141.956)|Section 141.955 - State Facility Not Prohibited From Entering Contract Pursuant to MCL 17.71 Et Seq.

141.955 State facility not prohibited from entering contract pursuant to MCL 17.71 et seq. Sec. 5.  This act shall not prohibit a state facility from entering into a contract pursuant to Act No. 98 of the Public Acts of 1929, as amended, being sections 17.71 to 17.76 of the Michigan Compiled Laws. History: 1977, Act 289, Eff. Mar. 30, 1978
MI Comp L § 141.956 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 289 of 1977 - Fire Protection Services for State Facilities (141.951 - 141.956)|Section 141.956 - Prorating Amount Appropriated to Each Municipality.

141.956 Prorating amount appropriated to each municipality. Sec. 6.  If the amount appropriated in a fiscal year is not sufficient to make the payments required by this act, the director shall prorate the amount appropriated to each municipality. History: 1977, Act 289, Eff. Mar. 30, 1978
MI Comp L § 141.1001 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 80 of 1981 - Fiscal Stabilization Act (141.1001 - 141.1011)|Section 141.1001 - Short Title.

141.1001 Short title. Sec. 1.  This act shall be known and may be cited as the "fiscal stabilization act". History: 1981, Act 80, Eff. July 15, 1981
MI Comp L § 141.1002 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 80 of 1981 - Fiscal Stabilization Act (141.1001 - 141.1011)|Section 141.1002 - State Administrative Board; Powers and Duties; Actions of Board.

141.1002 State administrative board; powers and duties; actions of board. Sec. 2.  (1) The state administrative board, referred to in this act as the board, is vested with the following powers and duties relative to this act:  (a) To receive, review, and approve or deny an application by a city or county to issue bonds or obligations under this act.  (b) To call upon the assistance of state agencies or departments for information necessary to perform its functions under this act.  (2) All actions of the board in approving the issuance of bonds or obligations and determining the amount of the issuance shall be approved by a majority of the members of the board. All actions of the board taken pursuant to this act shall be conducted at a public meeting held in compliance with Act No. 267 of the Public Acts of 1976, as amended, being sections 15.261 to 15.275 of the Michigan Compiled Laws. History: 1981, Act 80, Eff. July 15, 1981 ;-- Am. 1987, Act 279, Eff. Apr. 11, 1988
MI Comp L § 141.1003 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 80 of 1981 - Fiscal Stabilization Act (141.1001 - 141.1011)|Section 141.1003 - Cities or Counties Authorized to Borrow Money and Issue General Obligation Bonds or Obligations to Fund Operating Deficit.

141.1003 Cities or counties authorized to borrow money and issue general obligation bonds or obligations to fund operating deficit.Sec. 3.  A city or county that meets the applicable conditions described in section 4 may borrow money and issue its bonds or obligations either for funding an operating deficit for a past fiscal year or years or for funding a projected operating deficit in the current fiscal year, or for funding both. The bonds or obligations may be issued as general obligation bonds or obligations, as bonds or obligations payable solely from a specified source or sources of revenues lawfully available to the city or county, or as a combination of general obligation bonds or obligations and bonds or obligations payable from a specified source or sources of revenues. The authority granted by this act is in addition to any power granted to a city or county by its charter or any other provision of law. History: 1981, Act 80, Eff. July 15, 1981 ;-- Am. 1987, Act 279, Eff. Apr. 11, 1988 ;-- Am. 2010, Act 4, Imd. Eff. Feb. 5, 2010
MI Comp L § 141.1005 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 80 of 1981 - Fiscal Stabilization Act (141.1001 - 141.1011)|Section 141.1005 - Bonds or Obligations; Amounts Included.

141.1005 Bonds or obligations; amounts included. Sec. 5.  Subject to the limitation of section 4(8), the amount of bonds or obligations issued pursuant to this act may include the amount necessary to fund the accumulated operating deficit of the city or county or projected accumulated operating deficit of the city or county as determined pursuant to section 4, a reserve to secure payment of principal or interest on the bonds or obligations in an amount not exceeding the maximum amount of principal and interest becoming due on the bonds or obligations in any fiscal year, a discount of not to exceed 10% of the principal amount of the bonds or obligations, and an amount sufficient to pay all legal, financial, accounting, election, printing, and other expenses related to the issuance of the bonds or obligations. History: 1981, Act 80, Eff. July 15, 1981 ;-- Am. 1987, Act 279, Eff. Apr. 11, 1988
MI Comp L § 141.1006 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 80 of 1981 - Fiscal Stabilization Act (141.1001 - 141.1011)|Section 141.1006 - Bonds or Obligations; Terms and Conditions.

141.1006 Bonds or obligations; terms and conditions. Sec. 6.  The bonds or obligations may be serial bonds or term bonds or a combination of serial and term bonds, shall mature in not more than 30 years, may bear interest at a rate or rates, may be subject to redemption prior to maturity with or without premium, may be sold in 1 or more series at public or private sale at a discount of not to exceed 10% of the principal amount of the bonds or obligations, and may have other terms and conditions all as determined by resolution of the legislative body of the city or county.  History: 1981, Act 80, Eff. July 15, 1981 ;-- Am. 1987, Act 279, Eff. Apr. 11, 1988
MI Comp L § 141.1007 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 80 of 1981 - Fiscal Stabilization Act (141.1001 - 141.1011)|Section 141.1007 - Levy of Property Taxes for Payment of Principal and Interest on Bonds or Obligations.

141.1007 Levy of property taxes for payment of principal and interest on bonds or obligations. Sec. 7.  A city or county that issues bonds or obligations that are unlimited or limited tax bonds or obligations under this act shall annually levy sufficient ad valorem property taxes for payment of principal and interest coming due on the bonds or obligations prior to the next collection of taxes as required by the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821. In determining the amount of the annual levy necessary for the payment of the principal and interest, credit may be taken for other revenues available and pledged for payment of the bonds or obligations. If the bonds or obligations have been approved by a majority vote of the qualified electors of the city or county voting on the question, the levy of taxes for payment of principal and interest on the bonds or obligations is not subject to limitation as to rate or amount, and taxes for the payment of the principal and interest are in addition to all other taxes that the city or county may otherwise be authorized to levy. History: 1981, Act 80, Eff. July 15, 1981 ;-- Am. 1987, Act 279, Eff. Apr. 11, 1988 ;-- Am. 2002, Act 444, Imd. Eff. June 17, 2002
MI Comp L § 141.1008 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 80 of 1981 - Fiscal Stabilization Act (141.1001 - 141.1011)|Section 141.1008 - Issuing Bonds or Obligations as Limited Tax Bonds or Obligations; Resolution Without Vote of Electors and Publication of Notice; Submitting Question to Electors; Approval or Disapproval; Prior Actions.

141.1008 Issuing bonds or obligations as limited tax bonds or obligations; resolution without vote of electors and publication of notice; submitting question to electors; approval or disapproval; prior actions.Sec. 8.  The bonds or obligations may be issued as limited tax bonds or obligations by resolution of the legislative body of the city or county without vote of the electors and without publication of a notice of intent to issue bonds or obligations as required by section 5(g) of the home rule city act, 1909 PA 279, MCL 117.5. The legislative body of a city or county may submit to the electors of the city or county the question of issuing the bonds or obligations authorized by this act. If the question is approved, the bonds or obligations may be issued as unlimited tax bonds or obligations. If the question is not submitted to or approved by the electors, the bonds or obligations may be issued as limited tax bonds or obligations, as bonds or obligations payable solely from a specified source or sources of revenues lawfully available to the city or county, or as a combination of limited tax bonds or obligations and bonds or obligations payable solely from those specified revenue sources. Any actions taken before July 15, 1981 to submit to the electors of a city the question of issuing bonds or obligations similar to the bonds or obligations authorized by this act or the question of pledging the city's unlimited taxing power to bonds or obligations described in this act are ratified and confirmed and are effective with respect to bonds or obligations issued pursuant to this act. History: 1981, Act 80, Eff. July 15, 1981 ;-- Am. 1987, Act 279, Eff. Apr. 11, 1988 ;-- Am. 2010, Act 4, Imd. Eff. Feb. 5, 2010
MI Comp L § 141.1010 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 80 of 1981 - Fiscal Stabilization Act (141.1001 - 141.1011)|Section 141.1010 - Action to Enforce Compliance With Act.

141.1010 Action to enforce compliance with act. Sec. 10.  An action brought by the board, a city, or a county to enforce compliance with this act shall be brought in the circuit court for the county of Ingham. History: 1981, Act 80, Eff. July 15, 1981 ;-- Am. 1987, Act 279, Eff. Apr. 11, 1988
MI Comp L § 141.1011 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 80 of 1981 - Fiscal Stabilization Act (141.1001 - 141.1011)|Section 141.1011 - Conditional Effective Date.

141.1011 Conditional effective date. Sec. 11.  This act shall not take effect unless House Bill No. 4563 of the 81st Legislature is enacted into law. History: 1981, Act 80, Eff. July 15, 1981 Compiler's Notes: House Bill No. 4563, referred to in this section, was approved by the Governor on July 15, 1981, and became P.A. 1981, No. 97, Imd. Eff. July 15, 1981.
MI Comp L § 141.1052 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 227 of 1985 - Shared Credit Rating Act (141.1051 - 141.1078)|Section 141.1052 - Short Title.

141.1052 Short title. Sec. 2.  This act shall be known and may be cited as the "Shared credit rating act." History: 1985, Act 227, Eff. Mar. 31, 1986
MI Comp L § 141.1054 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 227 of 1985 - Shared Credit Rating Act (141.1051 - 141.1078)|Section 141.1054 - Michigan Municipal Bond Authority; Created; Powers; Funds.

141.1054 Michigan municipal bond authority; created; powers; funds. Sec. 4.  The Michigan municipal bond authority is created as a body corporate, separate and distinct from the state. The authority may sue and be sued, plead and be impleaded, contract and be contracted with, have a corporate seal, and enjoy and carry out all powers granted it in this act. Funds of the authority shall be handled in the same manner and subject to the same provisions of law applicable to state funds or in such manner as is specified in a resolution of the authority authorizing the issuance of bonds or notes.  History: 1985, Act 227, Eff. Mar. 31, 1986
MI Comp L § 141.1055 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 227 of 1985 - Shared Credit Rating Act (141.1051 - 141.1078)|Section 141.1055 - Board of Trustees; Appointment, Qualifications, and Terms of Members; Duties; Oath; Vacancy; Organization; Rules of Procedure; Conducting Business at Public Meetings; Notice; Quorum; Action of Board; Designation of Representative.

141.1055 Board of trustees; appointment, qualifications, and terms of members; duties; oath; vacancy; organization; rules of procedure; conducting business at public meetings; notice; quorum; action of board; designation of representative. Sec. 5.  (1) The authority shall be governed by a board of trustees consisting of the state treasurer, 2 appointees of the governor to serve at the pleasure of the governor who shall be public officials or employees with expertise in the state's infrastructure needs, and through December 31, 2000, 5 residents of this state to be appointed by the governor with the advice and consent of the senate. Beginning January 1, 2001, the board shall have 4 residents of this state appointed by the governor with the advice and consent of the senate. Of the residents appointed by the governor, 1 shall be appointed from 1 or more nominees of the speaker of the house of representatives and 1 shall be appointed from 1 or more nominees of the majority leader of the senate. A trustee shall serve a term of 3 years. In appointing the initial resident members of the board, the governor shall designate 1 to serve for 3 years, 1 to serve for 2 years, and 2 to serve for 1 year.  (2) Upon appointment, a member of the board shall enter office and exercise the duties of office. A member of the board shall qualify by taking and filing the constitutional oath of office.  (3) Regardless of the cause of a vacancy, the governor shall fill a vacancy in the office of a member of the board by appointment with the advice and consent of the senate. A member of the board shall hold office until a successor has been appointed and has qualified.  (4) The board shall organize and make its own rules of procedure. The board shall conduct all business at public meetings held in compliance with the open meetings act, 1976 PA 267, MCL 15.261 to 15.275. Public notice of the time, date, and place of each meeting shall be given in the manner required by the open meetings act, 1976 PA 267, MCL 15.261 to 15.275. A majority of the members of the board appointed and serving shall constitute a quorum for the transaction of business. An action of the board shall require a concurring vote by a majority of the members present at the meeting. A state officer who is a member of the board may designate a representative from his or her department to serve instead of that state officer as a member of the board for 1 or more meetings. History: 1985, Act 227, Eff. Mar. 31, 1986 ;-- Am. 2000, Act 416, Imd. Eff. Jan. 8, 2001