{"data":{"id":"us-mi/mich.-comp.-laws-120.32","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 120.32","heading":"Power to borrow in anticipation of tax.","body":"Sec. 32.\n\nA port commission is hereby authorized, prior to the receipt of taxes raised by a levy, to borrow money or issue the warrants of the district in anticipation of the revenues to be derived by the district from the levy of taxes for the purpose described in this act. The warrants shall be redeemed from the first money available from the levy of taxes when collected.\n\nBonds and notes issued under this section are subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.","path":["MI Code","Chapter 120","Act Act-234-of-1925"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-120-32","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"247baffc11fce1fe15c1bcccb88ae9c6c4893426ac9cb9a0984e52c357abdbc5","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-120.31","next":"us-mi/mich.-comp.-laws-120.33"},"notice":"GroundRules: Original legal text. Not legal advice."}