Mich. Comp. Laws § 41.350p
This is the official text of Mich. Comp. Laws § 41.350p, 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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Pledge of sales tax money by ordinance.
Official statutory text
Sec. 20p.
To secure repayment of a loan authorized by section 20m, the township board may pledge, by ordinance as provided in sections 20q to 20s, all or any specified portion of sales tax money to be received by the township under sections 8 and 10 of article IX of the state constitution of 1963 during the period the loan remains outstanding.
History: Add. 1989, Act 83, Imd. Eff. June 20, 1989
To secure repayment of a loan authorized by section 20m, the township board may pledge, by ordinance as provided in sections 20q to 20s, all or any specified portion of sales tax money to be received by the township under sections 8 and 10 of article IX of the state constitution of 1963 during the period the loan remains outstanding.
History: Add. 1989, Act 83, Imd. Eff. June 20, 1989
Status: in_force · Read it on the official government site
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