Mich. Comp. Laws § 18.1498
This is the official text of Mich. Comp. Laws § 18.1498, part of Michigan’s Comp. Laws — part of the compiled statutory law of Michigan, published by the state as "Comp. Laws." Browse the sections below, each linked to its official government source.
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Local government payment fund; creation; reservation of money appropriated to fund; amounts considered state payments to units of local government.
Official statutory text
Sec. 498.
The local government payment fund is hereby created. Money appropriated to the fund by the legislature shall be reserved for use in a fiscal year when additional state payments to units of local government are necessary to meet the requirements of section 349.
The amounts recommended by the governor or appropriated by the legislature into the fund described in subsection (1) shall be considered, for purposes of fulfilling the requirements of section 349, as state spending to be paid to units of local government.
History: 1984, Act 431, Eff. Mar. 29, 1985
The local government payment fund is hereby created. Money appropriated to the fund by the legislature shall be reserved for use in a fiscal year when additional state payments to units of local government are necessary to meet the requirements of section 349.
The amounts recommended by the governor or appropriated by the legislature into the fund described in subsection (1) shall be considered, for purposes of fulfilling the requirements of section 349, as state spending to be paid to units of local government.
History: 1984, Act 431, Eff. Mar. 29, 1985
Status: in_force · Read it on the official government site
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