reglab/statecodes huggingface dataset:
2023 Michigan Compiled Laws › Chapter 141 - Municipal Financing › Act 140 of 1971 - Glenn Steil State Revenue Sharing Act of 1971 (141.901 - 141.921) › Section 141.901 - Short Title.

141.901 Short title.
Sec. 1.
This act shall be known and may be cited as the "Glenn Steil state revenue sharing act of 1971".
History:
1971, Act 140, Imd. Eff. Sept. 30, 1971 ;-- Am. 1998, Act 532, Imd. Eff. Jan. 12, 1999
Constitutionality:
Revenue-sharing payments to local units of government are expenditures authorized by appropriations, and are subject to reduction by the Governor where necessary because of a decline in estimated revenue, notwithstanding the balance in actual payments which the decline will occasion, because the constitution does not require that the reductions be proportionate to the decline. Michigan Association of Counties v Department of Management and Budget, 418 Mich 667; 345 NW2d 584 (1984).
Compiler's Notes:
For transfer of authority, powers, duties, functions, and responsibilities of the State Budget Director under the State Revenue Sharing Act of 1971 and the Health and Safety Fund Act from the State Budget Director, within the Department of Management and Budget, to the State Treasurer, within the Department of Treasury, see E.R.O. No. 1993-6, compiled at MCL 141.991 of the Michigan Compiled Laws.
2023 Michigan Compiled Laws › Chapter 141 - Municipal Financing › Act 140 of 1971 - Glenn Steil State Revenue Sharing Act of 1971 (141.901 - 141.921) › Section 141.902 - “Intangibles Tax,”“sales Tax,” and “State Income Tax” Defined.

141.902 “Intangibles tax,”“sales tax,” and “state income tax” defined.
Sec. 2.
(1) "Intangibles tax" means the intangibles tax imposed by Act No. 301 of the Public Acts of 1939, as amended, being sections 205.131 to 205.147 of the Compiled Laws of 1948, or any similar act.
(2) "Sales tax" means the sales tax imposed by Act No. 167 of the Public Acts of 1933, as amended, being sections 205.51 to 205.78 of the Compiled Laws of 1948, or any similar act.
(3) "State income tax" means the income tax imposed by Act No. 281 of the Public Acts of 1967, as amended, being sections 206.1 to 206.499 of the Compiled Laws of 1948, or any similar act.
History:
1971, Act 140, Imd. Eff. Sept. 30, 1971
2023 Michigan Compiled Laws › Chapter 141 - Municipal Financing › Act 140 of 1971 - Glenn Steil State Revenue Sharing Act of 1971 (141.901 - 141.921) › Section 141.903 - “Population” and “Rate” Defined.

141.903 “Population” and “rate” defined.
Sec. 3.
(1) "Population" for the purpose of distributing revenues among cities, villages, townships, and counties means population according to the last and each succeeding statewide federal census, or a special statewide census as provided by law, whichever is later. Corrections to the statewide federal census that are published by the bureau of the census, United States department of commerce, and that occur during the period July 1, and ending June 30, shall become effective for the purpose of revenue distributions on the next July 1. Fifty percent of the total number of persons who are wards, patients, or convicts committed to or domiciled in a city, village, or township institution located outside the boundaries of the city, village, or township or committed to or domiciled in a county, state, or federal tax-supported institution, if the persons were included in the federal census, or any special census as provided by law, shall be excluded from the computation. The population of a township is its population outside the corporate limits of villages in the township. The population data used in determining distributions under this act in a year in which a federal decennial statewide census, federal mid-decade statewide census, or special statewide census provided by law is conducted shall become effective for distributions made on and after October 1 of the year for which the respective census is conducted. Once the official population data from a federal decennial statewide census, federal mid-decade statewide census, or special statewide census provided by law is certified and published, the department of management and budget shall calculate any overpayment or underpayment made to a local unit of government since the effective date of the respective census and make adjustments in future distributions to the local unit of government to correct these overpayments or underpayments of revenue distributed pursuant to this act.
(2) "Rate" means a figure determined each May 15 by the department of management and budget pursuant to this act from applicable tax data for the preceding calendar year as reported to it by the department of treasury and applicable to payments made during the succeeding period of July 1 to June 30.
History:
1971, Act 140, Imd. Eff. Sept. 30, 1971 ;-- Am. 1972, Act 212, Imd. Eff. July 7, 1972 ;-- Am. 1980, Act 275, Imd. Eff. Oct. 8, 1980
2023 Michigan Compiled Laws › Chapter 141 - Municipal Financing › Act 140 of 1971 - Glenn Steil State Revenue Sharing Act of 1971 (141.901 - 141.921) › Section 141.905 - Definitions.

141.905 Definitions.
Sec. 5.
(1) "Local tax effort rate" for a city, village, or township means its local taxes divided by its taxable value.
(2) "Statewide tax effort rate" means the total local taxes in the state divided by the total taxable value.
(3) "Relative tax effort rate" means the local tax effort rate for a city, village, or township divided by the statewide tax effort rate.
(4) "Tax effort formula" means the method for computing, from the total amount of revenue available for distribution under the formula at any single time, the amount to be paid to a city, village, or township determined as follows:
(a) Multiply the relative tax effort for the city, village, or township by the population of the city, village, or township.
(b) Divide the total amount of revenue available for distribution under the formula at any single time by the sum of the products determined under subdivision (a).
(c) Multiply the quotient determined under subdivision (b) by the individual products determined under subdivision (a) for each city, village, or township.
(5) "Taxable value" means that value determined under section 27a of the general property tax act, Act No. 206 of the Public Acts of 1893, being section 211.27a of the Michigan Compiled Laws.
History:
1971, Act 140, Imd. Eff. Sept. 30, 1971 ;-- Am. 1972, Act 212, Imd. Eff. July 7, 1972 ;-- Am. 1996, Act 342, Imd. Eff. June 27, 1996
2023 Michigan Compiled Laws › Chapter 141 - Municipal Financing › Act 140 of 1971 - Glenn Steil State Revenue Sharing Act of 1971 (141.901 - 141.921) › Section 141.906 - Additional Definitions.

141.906 Additional definitions.
Sec. 6.
(1) "Local tax burden rate" for a city, village, or township means local taxes of the city, village, or township plus special assessments plus 25% of the overlapping taxes levied in the city, village, or township, which sum is divided by the taxable value of the city, village, or township.
(2) "Statewide tax burden rate" means the total local taxes in the state plus the total special assessments levied by cities, villages, or townships plus 25% of the total overlapping taxes in the state, which sum is divided by the total taxable value.
(3) "Relative tax burden rate" means the local tax burden rate for a city, village, or township divided by the statewide tax burden rate.
(4) "Tax burden formula" means the method for computing, from the total amount of revenue available for distribution under the formula at any single time, the amount to be paid to a city, village, or township determined as follows:
(a) Multiply the relative tax burden rate of the city, village, or township by its population.
(b) Divide the total amount of revenue available for distribution under the formula at any single time by the sum of the products determined under subdivision (a).
(c) Multiply the quotient from subdivision (b) by the individual products determined under subdivision (a) for each city, village, or township.
History:
1971, Act 140, Imd. Eff. Sept. 30, 1971 ;-- Am. 1972, Act 212, Imd. Eff. July 7, 1972 ;-- Am. 1973, Act 69, Imd. Eff. July 23, 1973 ;-- Am. 1975, Act 245, Imd. Eff. Sept. 4, 1975 ;-- Am. 1996, Act 342, Imd. Eff. June 27, 1996
2023 Michigan Compiled Laws › Chapter 141 - Municipal Financing › Act 140 of 1971 - Glenn Steil State Revenue Sharing Act of 1971 (141.901 - 141.921) › Section 141.907 - Special Census of Population; Cost; Provisions; Certification and Utilization of Results; Enumeration Date; Share of Revenues Based on Increased Population.

141.907 Special census of population; cost; provisions; certification and utilization of results; enumeration date; share of revenues based on increased population.
Sec. 7.
(1) A city, village, or township may contract with the secretary of state or the United States bureau of the census to have conducted a special census of its population. The entire cost of the census shall be borne by the city, village, or township. The special census shall provide for separate identification by institution of wards, patients, or convicts in tax supported institutions in accordance with definitions used by the United States bureau of the census in the enumeration of the preceding statewide federal census. The results of the special census shall be certified to the department of management and budget by the secretary of state.
(2) The results of the special census as certified in subsection (1) shall be utilized for the purpose of making distributions under section 14a starting on the July 1 next following the date of certification of the results. Only 1 special census may be utilized between 2 statewide federal censuses. The enumeration date of a special census utilized under this act shall not be less than 3 years from the enumeration date of a regular statewide federal decennial census.
(3) A city, village, or township that on the enumeration date of a special census is determined to have an increase of population of 10% or more over its population as determined by the last preceding statewide federal census shall receive its share of revenues distributed under section 14a based on its population increase which exceeds the estimated state growth rate. Estimated state growth rate means the estimate determined by the department of management and budget as of the enumeration date of a special census.
History:
Add. 1975, Act 245, Imd. Eff. Sept. 4, 1975 ;-- Am. 1998, Act 532, Imd. Eff. Jan. 12, 1999
2023 Michigan Compiled Laws › Chapter 141 - Municipal Financing › Act 140 of 1971 - Glenn Steil State Revenue Sharing Act of 1971 (141.901 - 141.921) › Section 141.911a - Repealed. 1998, Act 532, Imd. Eff. Jan. 12, 1999.

141.911a Repealed. 1998, Act 532, Imd. Eff. Jan. 12, 1999.
Compiler's Notes:
The repealed section pertained to bipartisan revenue sharing task force.
2023 Michigan Compiled Laws › Chapter 141 - Municipal Financing › Act 140 of 1971 - Glenn Steil State Revenue Sharing Act of 1971 (141.901 - 141.921) › Section 141.912 - Payments to Cities, Villages, and Townships From Sales Tax Collections; Time and Basis.

141.912 Payments to cities, villages, and townships from sales tax collections; time and basis.
Sec. 12.
(1) For state fiscal years before the 1996-1997 state fiscal year, the department of treasury shall cause to be paid to each city, village, and township its share, computed on a per capita basis, during each August, November, February, and May, of the collections designated for assistance to townships, cities, and villages under section 10 of article IX of the state constitution of 1963 from the sales tax for the quarter periods ending the prior June 30, September 30, December 31, and March 31 that are available for distribution to cities, villages, and townships.
(2) For state fiscal years before the 1996-1997 state fiscal year, during each calendar year, the department of treasury shall cause to be advanced and paid in June to cities, villages, and townships on a per capita basis $9,500,000.00 of the amount that would otherwise be paid in August pursuant to subsection (1).
(3) For state fiscal years after the 1995-1996 state fiscal year and before the 2003-2004 state fiscal year, the department shall cause to be paid to each city, village, and township its share, computed on a per capita basis, during each October, December, February, April, June, and August, the collections designated for assistance to cities, villages, and townships under section 10 of article IX of the state constitution of 1963 from the sales tax, the collections that are available for distribution to cities, villages, and townships. Payments under this subsection shall be based on collections from the sales tax at a rate of 4% in the 2-month period ending the prior August 31, October 31, December 31, February 28, April 30, and June 30.
(4) For state fiscal years after the 2002-2003 state fiscal year, the department shall cause to be paid to each city, village, and township its share of the sales tax collections designated for assistance to cities, villages, and townships under section 10 of article IX of the state constitution of 1963 from the sales tax. Payments under this subsection shall be made during each October, December, February, April, June, and August, based on collections from the sales tax at a rate of 4% in the 2-month period ending the prior August 31, October 31, December 31, February 28, April 30, and June 30. The payments under this subsection shall be made from revenues collected during the state fiscal year in which the payments are made.
History:
1971, Act 140, Imd. Eff. Sept. 30, 1971 ;-- Am. 1975, Act 245, Imd. Eff. Sept. 4, 1975 ;-- Am. 1980, Act 394, Imd. Eff. Jan. 7, 1981 ;-- Am. 1992, Act 161, Imd. Eff. July 16, 1992 ;-- Am. 1993, Act 166, Imd. Eff. Sept. 16, 1993 ;-- Am. 1994, Act 299, Imd. Eff. July 14, 1994 ;-- Am. 1995, Act 134, Imd. Eff. July 10, 1995 ;-- Am. 1996, Act 342, Imd. Eff. June 27, 1996 ;-- Am. 2002, Act 679, Imd. Eff. Dec. 30, 2002
2023 Michigan Compiled Laws › Chapter 141 - Municipal Financing › Act 140 of 1971 - Glenn Steil State Revenue Sharing Act of 1971 (141.901 - 141.921) › Section 141.913b - Payments to Include Interest; Delay in Payments; Gubernatorial Directive; Unavoidable Delay or Set Off; Disbursement by State Treasurer.

141.913b Payments to include interest; delay in payments; gubernatorial directive; unavoidable delay or set off; disbursement by state treasurer.
Sec. 13b.
(1) In addition to the amounts required to be paid pursuant to sections 11, 12, and 13, these payments and the respective appropriations from the undedicated proceeds of the tax from which the payment is made shall include interest, which interest shall accrue on the unpaid balance of a distribution installment from the last date the respective installment is required to be paid, at the average rate of interest earned on state common cash fund investments during the calendar quarter ending immediately prior to the date the interest under this subsection on a distribution installment begins to accrue.
(2) A payment required to be made pursuant to section 11, 12, or 13 shall not be delayed so as to cause interest to accrue pursuant to subsection (1) unless the delay in any payment is authorized by a written directive issued and signed by the governor to the director of the department of management and budget and the state treasurer, containing an identification of the specific payment and amount of the payment to be delayed, the period of the delay, the reason for the delay, and the date the delayed payment is expected to be paid.
(3) The governor's authorization under subsection (2) shall be signed and issued as soon as the governor determines that the payment will be delayed, which determination shall be made as far in advance of the scheduled payment date as is reasonably possible under the circumstances. The state treasurer immediately shall take such steps as are reasonably necessary to assure that the local units for which a directive applies are notified of that gubernatorial directive.
(4) Amounts required to be paid pursuant to section 11, 12, or 13 that are subject to an unavoidable delay of a de minimis period, or that are withheld or set off pursuant to law in the settlement or adjustment or an obligation or debt due to this state, or that are withheld from payment pursuant to section 17a or 21, shall not be subject to subsections (1) to (3).
(5) The state treasurer may make a disbursement for a payment under section 11, 12, or 13 which has been delayed in advance of the date the delayed payment is expected to be paid.
History:
Add. 1983, Act 236, Imd. Eff. Dec. 1, 1983
Compiler's Notes:
Near the middle of subsection (4), “adjustment or an obligation” evidently should read “adjustment of an obligation”.
2023 Michigan Compiled Laws › Chapter 141 - Municipal Financing › Act 140 of 1971 - Glenn Steil State Revenue Sharing Act of 1971 (141.901 - 141.921) › Section 141.913c - Reduced Rate or Collections From Local Governmental Unit's Property, Income, or Utility Tax; Use of Reduction as Basis.

141.913c Reduced rate or collections from local governmental unit's property, income, or utility tax; use of reduction as basis.
Sec. 13c.
For state fiscal years after the 1998-1999 state fiscal year, a reduction in the rate of or collections from a local unit of government's property, income, or utility tax shall not be used as a basis for a reduction of the amount distributed under this act to that local unit of government.
History:
Add. 1996, Act 342, Imd. Eff. June 27, 1996
2023 Michigan Compiled Laws › Chapter 141 - Municipal Financing › Act 140 of 1971 - Glenn Steil State Revenue Sharing Act of 1971 (141.901 - 141.921) › Section 141.913d - Distribution Periods Less Than 12 Months; Annualization of Amount.

141.913d Distribution periods less than 12 months; annualization of amount.
Sec. 13d.
The department shall annualize the amount of distributions under sections 11, 12a, and 13 as necessary to reflect distributions for periods of less than 12 months.
History:
Add. 1998, Act 532, Imd. Eff. Jan. 12, 1999
2023 Michigan Compiled Laws › Chapter 141 - Municipal Financing › Act 140 of 1971 - Glenn Steil State Revenue Sharing Act of 1971 (141.901 - 141.921) › Section 141.914 - Repealed. 1998, Act 532, Imd. Eff. Jan. 12, 1999.

141.914 Repealed. 1998, Act 532, Imd. Eff. Jan. 12, 1999.
Compiler's Notes:
The repealed section pertained to additional sums for cities, villages, or townships.
2023 Michigan Compiled Laws › Chapter 141 - Municipal Financing › Act 140 of 1971 - Glenn Steil State Revenue Sharing Act of 1971 (141.901 - 141.921) › Section 141.914a - Supplemental Payments to Cities, Villages, or Townships; Computation; Appropriation.

141.914a Supplemental payments to cities, villages, or townships; computation; appropriation.
Sec. 14a.
If a special census of a city, village or township that levied at least 1 mill local property tax in the preceding calendar year is determined to meet the requirements of section 7, the department of management and budget, during July, 1976 and each July thereafter, shall cause to be paid as a supplemental payment to the city, village or township its proportionate share of the amount available for this purpose, the share to be determined by multiplying the aggregate per capita amount of payments it received under sections 12, 13, 14 and 15 for the preceding July 1 to June 30 payment period by its excess increase in population determined under section 7. The amount necessary to provide the distribution required by this section is appropriated each fiscal year from the state general fund.
History:
Add. 1975, Act 245, Imd. Eff. Sept. 4, 1975
2023 Michigan Compiled Laws › Chapter 141 - Municipal Financing › Act 140 of 1971 - Glenn Steil State Revenue Sharing Act of 1971 (141.901 - 141.921) › Section 141.915 - Repealed. 1998, Act 532, Imd. Eff. Jan. 12, 1999.

141.915 Repealed. 1998, Act 532, Imd. Eff. Jan. 12, 1999.
Compiler's Notes:
The repealed section pertained to additional sums for cities, villages, or townships.
2023 Michigan Compiled Laws › Chapter 141 - Municipal Financing › Act 140 of 1971 - Glenn Steil State Revenue Sharing Act of 1971 (141.901 - 141.921) › Section 141.916 - Repealed. 1975, Act 245, Imd. Eff. Sept. 4, 1975.

141.916 Repealed. 1975, Act 245, Imd. Eff. Sept. 4, 1975.
Compiler's Notes:
The repealed section pertained to an appropriation.
2023 Michigan Compiled Laws › Chapter 141 - Municipal Financing › Act 140 of 1971 - Glenn Steil State Revenue Sharing Act of 1971 (141.901 - 141.921) › Section 141.917 - Disposition of Payments Made to Cities, Villages, Townships, and Counties.

141.917 Disposition of payments made to cities, villages, townships, and counties.
Sec. 17.
Unless otherwise assigned, pledged, or required to be withheld, the payments made under this act to a city, village, township, or county shall be paid directly to the treasurer of the city, village, township, or county, shall be credited to the general fund of the city, village, township, or county, and shall be available for city, village, township, or county purposes.
History:
1971, Act 140, Imd. Eff. Sept. 30, 1971 ;-- Am. 1987, Act 283, Eff. Apr. 11, 1988
2023 Michigan Compiled Laws › Chapter 141 - Municipal Financing › Act 140 of 1971 - Glenn Steil State Revenue Sharing Act of 1971 (141.901 - 141.921) › Section 141.919 - Effective Date.

141.919 Effective date.
Sec. 19.
This act takes effect August 1, 1971. The distributions of the income tax which were paid in August 1971 which did not conform to the provisions of this act shall be adjusted in future payments under this act to so conform.
History:
1971, Act 140, Imd. Eff. Sept. 30, 1971
2023 Michigan Compiled Laws › Chapter 141 - Municipal Financing › Act 140 of 1971 - Glenn Steil State Revenue Sharing Act of 1971 (141.901 - 141.921) › Section 141.920 - Receipts of Cities, Villages, or Townships Maintaining Local Tax Efforts.

141.920 Receipts of cities, villages, or townships maintaining local tax efforts.
Sec. 20.
A city, village, or township which maintains its local tax effort rate shall not receive less in the fiscal year ending June 30, 1976, than it received in the fiscal year ending June 30, 1975.
History:
Add. 1975, Act 245, Imd. Eff. Sept. 4, 1975
2023 Michigan Compiled Laws › Chapter 141 - Municipal Financing › Act 140 of 1971 - Glenn Steil State Revenue Sharing Act of 1971 (141.901 - 141.921) › Section 141.921 - Withholding Payments Until Submission of Financial Report or Audit; Filing, Evaluation, Certification, and Institution of Financial Plan to Correct Deficit Condition; Noncompliance; Notification of Legislature; “Deficit Condition” Defined.

141.921 Withholding payments until submission of financial report or audit; filing, evaluation, certification, and institution of financial plan to correct deficit condition; noncompliance; notification of legislature; “deficit condition” defined.
Sec. 21.
(1) If a city, village, township or county fails to provide an annual financial report or audit which conforms with the minimum procedures and standards prescribed by the state treasurer and is required under Act No. 2 of the Public Acts of 1968, as amended, being sections 141.421 to 141.440a of the Michigan Compiled Laws, or Act No. 71 of the Public Acts of 1919, being sections 21.41 to 21.53 of the Michigan Compiled Laws, the payments required under this act may be withheld until the financial report or audit is submitted as required by law.
(2) For a fiscal year of a unit of local government ending on or after October 1, 1980 or any year thereafter, if a local unit of government ends its fiscal year in a deficit condition, the local unit of government shall formulate and file a financial plan within 90 days after the beginning of the fiscal year to correct this condition. Upon request of a local unit of government the department of treasury may assist that local unit in the formulation of the financial plan to correct the deficit condition. The local unit of government shall file the financial plan with the department of treasury for evaluation and certification that the plan ensures that the deficit condition is corrected. Upon certification by the department of treasury, the local unit of government shall institute the plan. An amount equal to 25% of each payment to a local unit of government entitled to payments under this act may be withheld until requirements of this subsection are met.
(3) The department of treasury shall notify each house of the legislature of any local unit of government that fails to provide a financial report or an audit required by subsection (1) and of any local unit of government required to file a financial plan under subsection (2).
(4) As used in this section, "deficit condition" means a situation where, at the end of a fiscal year, total expenditures, including an accrued deficit, exceeded total revenues for that fiscal year, including any surplus carried forward.
History:
Add. 1980, Act 275, Imd. Eff. Oct. 8, 1980
2023 Michigan Compiled Laws › Chapter 141 - Municipal Financing › Act 243 of 1980 - Emergency Municipal Loan Act (141.931 - 141.942) › Section 141.931 - Definitions.

141.931 Definitions.
Sec. 1.
As used in this act:
(a) "Board" means the local emergency financial assistance loan board created under section 2.
(b) "Fiscal year" means, unless otherwise provided in this act, the fiscal year of the municipality applying for a loan under this act.
(c) "Income tax collections" means the total collection of a municipality under the city income tax act, 1964 PA 284, MCL 141.501 to 141.787, in any calendar year.
(d) "Income tax revenue growth rate" means the quotient of the following:
(i) The numerator is the income tax collections of the municipality for the calendar year immediately preceding the municipality's application for a loan under this act.
(ii) The denominator is the income tax collections for the municipality for the calendar year preceding the calendar year used in determining the numerator.
(e) "Municipality" means a county, city, village, or township in this state. For the period beginning on October 1, 2011 and ending on September 30, 2018, municipality also includes a school district in this state.
(f) "Local tax base growth rate" for a municipality means the state equalized valuation of the real and personal property of the municipality for the most recent year for which data is available divided by the state equalized valuation of real and personal property of the municipality for the fifth year preceding the most recent year for which data is available.
(g) "Statewide tax base growth rate" means the total state equalized valuation for real and personal property for the most recent year for which data is available divided by the total state equalized valuation for the fifth year preceding the most recent year for which data is available.
(h) "State equalized valuation of real and personal property of the municipality" means the valuation determined under 1911 PA 44, MCL 209.1 to 209.8, of real and personal property within the municipality plus an amount equal to the state equalized valuation equivalent of certain revenues of the municipality as determined under this subdivision. The state equalized valuation equivalent shall be calculated by dividing the sum of the following amounts by the municipality's millage rate for the fiscal year:
(i) The amount levied by the municipality for its own use during the municipality's fiscal year from the specific tax levied under 1974 PA 198, MCL 207.551 to 207.572.
(ii) The amount levied by the municipality for its own use during the municipality's fiscal year from the specific tax levied under the commercial redevelopment act, 1978 PA 255, MCL 207.651 to 207.668.
History:
1980, Act 243, Imd. Eff. July 24, 1980 ;-- Am. 1987, Act 282, Eff. Apr. 11, 1988 ;-- Am. 2007, Act 178, Imd. Eff. Dec. 21, 2007 ;-- Am. 2012, Act 284, Imd. Eff. Aug. 1, 2012
2023 Michigan Compiled Laws › Chapter 141 - Municipal Financing › Act 243 of 1980 - Emergency Municipal Loan Act (141.931 - 141.942) › Section 141.933a - Proceeds of a Loan; Special Assessment.

141.933a Proceeds of a loan; special assessment.
Sec. 3a.
The proceeds of a loan issued under this act to a municipality shall not be used by the municipality to finance any costs associated with a special assessment or special assessment district established after the effective date of the amendatory act that added this section.
History:
Add. 2012, Act 284, Imd. Eff. Aug. 1, 2012
2023 Michigan Compiled Laws › Chapter 141 - Municipal Financing › Act 243 of 1980 - Emergency Municipal Loan Act (141.931 - 141.942) › Section 141.935 - Repealed. 2016, Act 197, Imd. Eff. June 21, 2016.

141.935 Repealed. 2016, Act 197, Imd. Eff. June 21, 2016.
Compiler's Notes:
The repealed section pertained to limitation on board authorized loan to municipality.
2023 Michigan Compiled Laws › Chapter 141 - Municipal Financing › Act 243 of 1980 - Emergency Municipal Loan Act (141.931 - 141.942) › Section 141.938 - Repealed. 2016, Act 197, Imd. Eff. June 21, 2016.

141.938 Repealed. 2016, Act 197, Imd. Eff. June 21, 2016.
Compiler's Notes:
The repealed section pertained to eligibility requirements for fiscal year loan.
2023 Michigan Compiled Laws › Chapter 141 - Municipal Financing › Act 243 of 1980 - Emergency Municipal Loan Act (141.931 - 141.942) › Section 141.939 - Annual Report; Evaluation of Loan Program; Recommendations.

141.939 Annual report; evaluation of loan program; recommendations.
Sec. 9.
The board shall report annually to the governor and the legislature on which municipalities have applied for loans under the program, which municipalities have received loans, the amount of each loan, and the conditions under which each loan was made. Five years after the effective date of this act, the board shall submit to the governor and the legislature an evaluation of the loan program with recommendations for its continuance or discontinuance.
History:
1980, Act 243, Imd. Eff. July 24, 1980
2023 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.
2023 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
2023 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.
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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.
2023 Michigan Compiled Laws › Chapter 141 - Municipal Financing › Repealed - Act 97 of 1981 - Michigan Municipal Distributable Aid Bond Act (141.1021 - 141.1030)

MICHIGAN MUNICIPAL DISTRIBUTABLE AID BOND ACT
Act 97 of 1981
141.1021-141.1030 Repealed. 2002, Act 300, Eff. Jan. 1, 2010.
2023 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