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Michigan · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Mich. Comp. Laws § 123.1291: Advance or loan of money from local governing body to authority.

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Where this section sits in the code
  1. MI Code
  2. Chapter 123
  3. Act Act-392-of-2012

Sec. 31.

The governing body of the local government comprising the authority may advance or loan to the authority any money required for administrative expenses or for the purpose of obtaining maps, plans, designs, specifications, and cost estimates of a proposed lighting system. An advance or loan may be included as a part of any bond issue by the authority under this act and repaid to the local government upon the sale of the bonds.

Collected 2026-09-14T18:32:31Z. Source file · JSON

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