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Public Act Number: 4
Public Act Year: 2010
Document Type(s): MCLs
(5 results found)
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Document Type Description
Act 80 of 1981 Statute FISCAL STABILIZATION ACT (141.1001 - 141.1011)
Section 141.1003 Section Cities or counties authorized to borrow money and issue general obligation bonds or obligations to fund operating deficit.
Section 141.1004 Section 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 141.1008 Section 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 Section 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.