PocketLaw | Michigan Compiled Laws | 80 of 1981 - Fiscal Stabilization

80 of 1981 - Fiscal Stabilization Act (141.1001 - 141.1011)

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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.