MCL - Index of Act 80 of 1981

NOTE: Dates reflect any modification to item, not necessarily a change in law.
Title Subject
Act 80 of 1981 FISCAL STABILIZATION ACT (141.1001 - 141.1011)
Section 141.1001 Short title.
Section 141.1002 State administrative board; powers and duties; actions of board.
Section 141.1003 Cities or counties authorized to borrow money and issue general obligation bonds or obligations to fund operating deficit.
Section 141.1004 Application for order approving bonds or obligations; resolution; determination of accumulated operating deficit; conditions and determinations; statement; issuance of order; determinations and findings conclusive; maximum amount of bonds or obligations; exceptions; bonds or obligations not subject to revised municipal finance act; agency financing reporting act applicable.
Section 141.1005 Bonds or obligations; amounts included.
Section 141.1006 Bonds or obligations; terms and conditions.
Section 141.1007 Levy of property taxes for payment of principal and interest on bonds or obligations.
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.
Section 141.1009 Bonds or obligations issued before April 11, 1988; bonds or obligations issued after April 11, 1988 and before January 1, 2010; powers of legislative body; agreement providing for direct payment of distributable aid to paying agent, trustee, escrow agent, or other person; lien; special fund; use of taxes; definition.
Section 141.1010 Action to enforce compliance with act.
Section 141.1011 Conditional effective date.