reglab/housing_qa huggingface dataset:
MI Comp L § 141.226 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 79 of 1937 - Municipal Borrowing (141.221 - 141.226)|Section 141.226 - Municipal Borrowing for Utility Purposes; Liability of Municipality; Construction of Act.

141.226 Municipal borrowing for utility purposes; liability of municipality; construction of act. Sec. 6.  The faith and credit of the municipality shall remain pledged for the payment of said notes: Provided, however, That this act shall not repeal any existing statutory or charter provisions authorizing the borrowing of money or the issuance of bonds or notes, but shall be construed as an additional grant of power to that now prescribed by other statutory or charter provisions. The notes and revenues herein provided for shall not be deemed to be within any statutory or charter limitation of tax rate, bonded indebtedness, or other indebtedness, but shall be deemed to be authorized in addition thereto. History: 1937, Act 79, Imd. Eff. June 14, 1937 ;-- CL 1948, 141.226
MI Comp L § 141.251 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 143 of 1943 - Borrowing for Road Purposes (141.251 - 141.254)|Section 141.251 - Borrowing Money and Issuing Notes for County Road Purposes; Resolution.

141.251 Borrowing money and issuing notes for county road purposes; resolution. Sec. 1.  Boards of county road commissioners are authorized and empowered, upon the adoption of a resolution, to borrow money, the sum of which shall not exceed the amount previously authorized by their respective county board of commissioners, in anticipation of and to pledge for the payment of the borrowed money, future revenues derived from state collected taxes returned to the county for county road purposes pursuant to law and to issue notes for the purpose of purchasing road machinery or equipment, for improvement of county highways, or for other general county road purposes.  (2) Notes issued under this act are subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821. History: 1943, Act 143, Eff. July 30, 1943 ;-- CL 1948, 141.251 ;-- Am. 1951, Act 227, Eff. Sept. 28, 1951 ;-- Am. 1983, Act 51, Imd. Eff. May 16, 1983 ;-- Am. 2002, Act 194, Imd. Eff. Apr. 29, 2002 Compiler's Notes: Sec. 1. should evidently read “Sec. 1. (1).”
MI Comp L § 141.252 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 143 of 1943 - Borrowing for Road Purposes (141.251 - 141.254)|Section 141.252 - Notes; Issuance; Provisions.

141.252 Notes; issuance; provisions. Sec. 2.  All notes issued under this act are subject to all of the following provisions:  (a) For the purpose of computing the amount that may be borrowed, a loan made under this act shall not, when payable as provided in this section, exceed that percentage of the total aggregate revenues derived from state collected taxes returned to a county for county road purposes pursuant to law for the 5 immediately succeeding years:  (i) In 10 installments, 40%.   (ii) In 9 installments, 36%.   (iii) In 8 installments, 32%.   (iv) In 7 installments, 28%.   (v) In 6 installments, 24%.   (vi) In 5 installments, 20%.   (vii) In 4 installments, 16%.   (viii) In 3 installments, 12%.   (ix) In 2 installments, 8%.   (x) In 1 installment, 4%.   (b) A loan payable in more than 2 installments shall not be authorized for any purpose other than for the construction, improvement, maintenance, or repair of highways. At no time shall the total loans outstanding under this act exceed 40% of the sum of the revenues derived from state collected taxes returned to the county for county road purposes for the immediately preceding 5 calendar years and not specifically allocated for other purposes.  (c) The resolution authorizing the borrowing shall contain an irrevocable appropriation providing for the payment of the principal and interest from the money to be derived from state collected taxes returned to the county for county road purposes pursuant to law that have not been previously specifically allocated for other purposes.  History: 1943, Act 143, Eff. July 30, 1943 ;-- CL 1948, 141.252 ;-- Am. 1951, Act 227, Eff. Sept. 28, 1951 ;-- Am. 1973, Act 65, Imd. Eff. July 23, 1973 ;-- Am. 2002, Act 194, Imd. Eff. Apr. 29, 2002
MI Comp L § 141.253 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 143 of 1943 - Borrowing for Road Purposes (141.251 - 141.254)|Section 141.253 - Repealed. 2002, Act 194, Imd. Eff. Apr. 29, 2002.

141.253 Repealed. 2002, Act 194, Imd. Eff. Apr. 29, 2002. Compiler's Notes: The repealed section pertained to approval or denial by municipal finance commission or successor agency of borrowing and issuing of notes.
MI Comp L § 141.254 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 143 of 1943 - Borrowing for Road Purposes (141.251 - 141.254)|Section 141.254 - Saving Clause; Pledging Allocated Revenues Prohibited.

141.254 Saving clause; pledging allocated revenues prohibited. Sec. 4.  Should any provision or section of this act be held to be invalid for any reason, such holding shall not be construed as affecting the validity of any remaining portion of such section or of this act, it being the legislative intent that this act shall stand, notwithstanding the invalidity of any such provisions or section. Nothing in this act contained shall be construed as permitting any board of county road commissioners to pledge future revenues derived from state collected taxes returned to such county for county road purposes which are by law required to be allocated to (1) any city or village, (2) the relief of assessment districts established under provisions of Act No. 59 of the Public Acts of 1915, as amended, or (3) the reduction of taxes for the payment of bonds. History: 1943, Act 143, Eff. July 30, 1943 ;-- CL 1948, 141.254 ;-- Am. 1951, Act 227, Eff. Sept. 28, 1951 Compiler's Notes: Act 59 of 1915, referred to in this section, was repealed by Act 77 of 1958.
MI Comp L § 141.261 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 177 of 1943 - Public Improvement Funds (141.261 - 141.265)|Section 141.261 - Funds for Public Improvements or Buildings.

141.261 Funds for public improvements or buildings. Sec. 1.  The legislative or governing body of any political subdivision is hereby authorized and empowered to create and establish a fund or funds for the purpose of appropriating, providing for, setting aside and accumulating moneys to be used for acquiring, constructing, extending, altering, repairing or equipping public improvements or public buildings, which said political subdivision may by the provisions of its charter or the general law be authorized to acquire, construct, extend, alter, enlarge, equip or repair. History: 1943, Act 177, Imd. Eff. Apr. 17, 1943 ;-- Am. 1944, 1st Ex. Sess., Act 4, Imd. Eff. Feb. 16, 1944 ;-- CL 1948, 141.261 ;-- Am. 1956, Act 136, Eff. Aug. 11, 1956
MI Comp L § 141.262 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 177 of 1943 - Public Improvement Funds (141.261 - 141.265)|Section 141.262 - Funds for Public Improvements or Buildings; Transfer or Encumbrance.

141.262 Funds for public improvements or buildings; transfer or encumbrance. Sec. 2.  Notwithstanding the provisions of any law or the charter of any city or village, moneys accumulated in said fund shall not be transferred, encumbered or otherwise disposed of, except for the purpose of acquiring, constructing, extending, altering, repairing or equipping public improvements or public buildings, which a political subdivision may by the provisions of its charter or the general law be authorized to acquire, construct, extend, alter, repair or equip. Funds established and moneys on hand which had been allocated to or appropriated for the making of capital improvements on January 1, 1956, may be transferred to or credited to such reserve fund created under authority of this act and when so transferred or credited shall be governed by the provisions of this act. History: 1943, Act 177, Imd. Eff. Apr. 17, 1943 ;-- Am. 1944, 1st Ex. Sess., Act 4, Imd. Eff. Feb. 16, 1944 ;-- CL 1948, 141.262 ;-- Am. 1956, Act 136, Eff. Aug. 11, 1956
MI Comp L § 141.263 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 177 of 1943 - Public Improvement Funds (141.261 - 141.265)|Section 141.263 - Funds for Public Improvements or Buildings; Allocation of Miscellaneous Revenues; Sale of Lands.

141.263 Funds for public improvements or buildings; allocation of miscellaneous revenues; sale of lands. Sec. 3.  The legislative or governing body of any political subdivision may allocate to said fund miscellaneous revenues received and credited to the general fund, including revenues received by said political subdivision under the provisions of Act No. 155 of the Public Acts of 1937, as amended, being sections 211.351 to 211.364, inclusive, of the Compiled Laws of 1948, and also revenues received from the sale of lands owned by the political subdivision and which are no longer needed for public purposes, if said revenues are not otherwise pledged or encumbered for other purposes. History: 1943, Act 177, Imd. Eff. Apr. 17, 1943 ;-- Am. 1944, 1st Ex. Sess., Act 4, Imd. Eff. Feb. 16, 1944 ;-- CL 1948, 141.263 ;-- Am. 1956, Act 136, Eff. Aug. 11, 1956
MI Comp L § 141.264 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 177 of 1943 - Public Improvement Funds (141.261 - 141.265)|Section 141.264 - Tax Limitation.

141.264 Tax limitation. Sec. 4.  Nothing in this act shall be construed so as to authorize any city or village to exceed any tax limitation imposed by law or charter of said city or village. History: 1943, Act 177, Imd. Eff. Apr. 17, 1943 ;-- CL 1948, 141.264
MI Comp L § 141.265 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 177 of 1943 - Public Improvement Funds (141.261 - 141.265)|Section 141.265 - Additional Powers; Political Subdivision Construction.

141.265 Additional powers; political subdivision construction. Sec. 5.  This act shall be in addition to all powers heretofore granted to political subdivisions by state law, or by any charter thereof.   The term "political subdivision" as used in this act shall be construed to mean any county, city, village, township, school district or other local unit of this state. History: 1943, Act 177, Imd. Eff. Apr. 17, 1943 ;-- Am. 1944, 1st Ex. Sess., Act 4, Imd. Eff. Feb. 16, 1944 ;-- CL 1948, 141.265
MI Comp L § 141.311 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 11 of 1956 (Ex. Sess.) - Electric Plant; Validation of Proceedings (141.311 - 141.312)|Section 141.311 - Municipal Electric Plant; Purchase of Equipment on Conditional Sales Contract, Validation; Negotiability of Revenue Obligations.

141.311 Municipal electric plant; purchase of equipment on conditional sales contract, validation; negotiability of revenue obligations. Sec. 1.  In any case where the governing body of any city or village in the state of Michigan which owns and operates its electric plant or system has adopted proceedings for the purchase of additional equipment for its electric plant or system, providing for the purchase of such additional equipment on a conditional sales contract, or other contract of purchase, pursuant to which contract the incurrence of obligations for the purchase price or the issuance of electric revenue certificates payable solely from the revenues of the electric system of such city or village has been authorized, such proceedings are hereby validated, ratified and confirmed and the provisions thereof are hereby declared to be binding and effective, in accordance with their terms, all with like force and effect as though such proceedings had been fully authorized by statutes existing at the time of their adoption. Any such city or village, through such of its officers as may have or shall be designated by the legislative body thereof, is hereby authorized to carry out the duties imposed under any such conditional sales or other purchase contract, to make payment of any revenue obligations or certificates incurred or issued under such contract, and to do and perform such acts and things as may be necessary to the issuance and payment of such obligations or certificates, and such obligations or certificates now outstanding, or when incurred or issued pursuant to such proceedings, shall be valid and binding obligations of such city or village, in accordance with their terms, and such certificates shall be fully negotiable under the provisions of the negotiable instruments law as it is in force in the state of Michigan. History: 1956, Ex. Sess., Act 11, Imd. Eff. Oct. 2, 1956
MI Comp L § 141.312 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 11 of 1956 (Ex. Sess.) - Electric Plant; Validation of Proceedings (141.311 - 141.312)|Section 141.312 - Definitions.

141.312 Definitions. Sec. 2.  As used in this act:  (a) The terms "city" and "village" mean any city and any village in the state of Michigan existing or operating under a special or home rule charter as well as any under a general charter; and  (b) The term "electric revenue certificates" means evidences of obligations, incurred by any city or village for or to provide funds for the extension or improvement of its electric plant or system, which are payable solely from the revenues derived from the operation of said plant or system, in whatever form. History: 1956, Ex. Sess., Act 11, Imd. Eff. Oct. 2, 1956
MI Comp L § 141.321 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 153 of 1996 - Acquisition of Parks (141.321 - 141.324)|Section 141.321 - Definitions.

141.321 Definitions. Sec. 1.  As used in this act:  (a) "Park" means an area of land or water, or both, dedicated to 1 or more of the following uses:  (i) Recreational purposes, including but not limited to landscaped tracts; picnic grounds; playgrounds; athletic fields; camps; campgrounds; zoological and botanical gardens; swimming, boating, hunting, fishing, and birding areas; and foot and bridle paths.  (ii) Open or scenic space.  (iii) Environmental, conservation, nature, or wildlife areas.  (b) "Record owner" means an individual, partnership, corporation, limited liability company, association, or other legal entity, possessed of the most recent fee title or a land contract vendee's interest in land as shown by the records of the county register of deeds. History: 1996, Act 153, Imd. Eff. Apr. 3, 1996
MI Comp L § 141.323 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 153 of 1996 - Acquisition of Parks (141.321 - 141.324)|Section 141.323 - Condemnation Prohibited.

141.323 Condemnation prohibited. Sec. 3.  A county, township, city, or village shall not acquire property for a park under this act by condemnation. Property shall instead be acquired from a willing seller. History: 1996, Act 153, Imd. Eff. Apr. 3, 1996
MI Comp L § 141.324 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 153 of 1996 - Acquisition of Parks (141.321 - 141.324)|Section 141.324 - Additional Powers Not Limited.

141.324 Additional powers not limited. Sec. 4.  The powers granted by this act are in addition to, and not a limitation on, those granted by law or charter. History: 1996, Act 153, Imd. Eff. Apr. 3, 1996
MI Comp L § 141.351 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 7 of 1949 - Transfer of Unexpended Balances to County (141.351 - 141.352)|Section 141.351 - Transfer of Unexpended Balances by Townships or Municipalities to County.

141.351 Transfer of unexpended balances by townships or municipalities to county. Sec. 1.  The several townships, cities and incorporated villages of this state, by a majority vote of the electors thereof voting at any general or special election called for that purpose, are hereby authorized to appropriate and transfer any unexpended balances or portions thereof in its general or contingent fund to the county in which it is situated, such revenues to be credited to the general fund of the county, to be disbursed for such purpose or purposes as may be designated by the electors in voting on the proposition, and, in case of no designation, as shall be determined by the board of supervisors of the county. History: 1949, Act 7, Imd. Eff. Mar. 3, 1949
MI Comp L § 141.352 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 7 of 1949 - Transfer of Unexpended Balances to County (141.351 - 141.352)|Section 141.352 - Transfer of Unexpended Balances; Submission to Electors; Conduct of Election.

141.352 Transfer of unexpended balances; submission to electors; conduct of election. Sec. 2.  The question of transferring unexpended balances or portions thereof by any township, city or incorporated village to the county in which situated may be submitted to the electors of such township, city or incorporated village by the legislative body thereof at any general election to be held therein or at a special election to be called by the legislative body for that purpose. The provisions of the general election law shall govern the conducting of any such election and the counting, canvassing and returning of votes cast. In case a majority of the electors voting on the proposition shall vote in favor thereof, the treasurer of the township, city or incorporated village, as the case may be, shall be authorized to make the transfer, in accordance with the requirements of the proposition voted on. History: 1949, Act 7, Imd. Eff. Mar. 3, 1949
MI Comp L § 141.371 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 57 of 1957 - Local Improvement Revolving Fund (141.371 - 141.375)|Section 141.371 - Definitions.

141.371 Definitions. Sec. 1.  For the purpose of this act unless the context otherwise indicates:  (a) "Local improvement" means any public improvement, the expense of which, in whole or in part, the governing body of any city or village pursuant to law or charter has determined shall be defrayed by special assessments upon the property specially benefited.  (b) "Governing body" means the council, common council, or commission of a city or the council, commission, or board of trustees of a village.  (c) "Local improvement revolving fund" means the fund authorized to be established under this act for the purposes specified in this act.  (d) "Tax elector" means a person having the qualifications of an elector. History: 1957, Act 57, Eff. Sept. 27, 1957 ;-- Am. 2002, Act 287, Imd. Eff. May 9, 2002
MI Comp L § 141.372 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 57 of 1957 - Local Improvement Revolving Fund (141.371 - 141.375)|Section 141.372 - Local Improvement Revolving Fund; Establishment.

141.372 Local improvement revolving fund; establishment. Sec. 2.  Any city or village may advance the cost either in whole or in part of any local improvement, and in order to provide working capital funds for such purpose, by resolution of its governing body, may establish a fund to be designated "local improvement revolving fund." History: 1957, Act 57, Eff. Sept. 27, 1957
MI Comp L § 141.373 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 57 of 1957 - Local Improvement Revolving Fund (141.371 - 141.375)|Section 141.373 - Sources of Funds.

141.373 Sources of funds. Sec. 3.  Any city or village may provide funds for the local improvement revolving fund by any or all of the following means:  (a) The allocation to the fund of miscellaneous revenues, if the revenues are not otherwise pledged or encumbered.  (b) The appropriation of funds raised by general taxation in accordance with authorization otherwise granted by law or charter, as the governing body may determine to be necessary for the fund; but no city or village shall exceed, for this purpose, any tax limitation imposed by other law or charter.   (c) Subject to a vote of its tax electors, bonds pledging the full faith and credit of the city or village for those purposes. No bonds shall be issued under this authorization that at the time of their issuance would cause the indebtedness of the city or village represented by outstanding special assessment bonds that pledge the full faith and credit of the city or village for their payment, plus outstanding bonds issued pursuant to the provisions of this act, to exceed 12% of the assessed valuation of the taxable property in the city or village. The assessed valuation shall be that fixed by the last assessment roll of the city or village that has been reviewed by the board of review. All bonds issued under this act are subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821. History: 1957, Act 57, Eff. Sept. 27, 1957 ;-- Am. 2002, Act 287, Imd. Eff. May 9, 2002
MI Comp L § 141.374 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 57 of 1957 - Local Improvement Revolving Fund (141.371 - 141.375)|Section 141.374 - Local Improvement Revolving Fund; Repayment of Advances.

141.374 Local improvement revolving fund; repayment of advances. Sec. 4.  A local improvement revolving fund established pursuant to the provisions of this act shall be a separate depository account of the city or village. Any local improvement revolving fund shall be used only for the purpose of advancing the costs, either in whole or in part, of any local improvement. Moneys advanced from the fund shall be repaid from the sale of special assessment bonds as authorized by law or charter or collections of special assessments on property specially benefited by any local improvement, the cost of which was advanced in whole or in part from the fund. History: 1957, Act 57, Eff. Sept. 27, 1957
MI Comp L § 141.375 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 57 of 1957 - Local Improvement Revolving Fund (141.371 - 141.375)|Section 141.375 - Authority Given by Act.

141.375 Authority given by act. Sec. 5.  The authority hereby given shall be in addition to and not in derogation of any power existing in any city or village under any statutory or charter provision. History: 1957, Act 57, Eff. Sept. 27, 1957
MI Comp L § 141.381 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 121 of 1969 - Bonds or Notes for Capital Improvements (141.381 - 141.383)|Section 141.381 - Issuance of Bonds and Notes; Resolution; Purpose; Pledges; Use of Proceeds; Debt Limitation; General Obligations.

141.381 Issuance of bonds and notes; resolution; purpose; pledges; use of proceeds; debt limitation; general obligations. Sec. 1.  Any county, city, township or village, by resolution adopted by a majority vote of the members elect of its legislative body may authorize the issuance of bonds or notes of the county, city, township or village for the purpose of raising funds to be used for capital improvements and pledge as security for the payment of the principal and interest on the bonds or notes part or all of the deferred income from the sale of its capital assets. Moneys realized from issuance of bonds or notes secured by pledge of the deferred income from sale of capital assets shall be used solely for capital improvements. The county, city, township or village may also pledge its full faith and credit for the prompt payment of principal and interest on any bonds or notes issued pursuant to this act. In no case may the county, city, township or village involved borrow in excess of 80% of the face value of the assets pledged. The bonds or notes shall be valid and binding general obligations of the county, city, township or village notwithstanding any invalidity or illegality in the contract of sale of capital assets pledged for payment thereof. History: 1969, Act 121, Imd. Eff. July 29, 1969