{"data":{"id":"us-mi/mich.-comp.-laws-141.2507","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 141.2507","heading":"Interest rate charge on special assessments.","body":"Sec. 507.\n\nA municipality issuing a municipal security in anticipation of special assessments may, notwithstanding any charter or ordinance provisions to the contrary, charge a rate of interest on the unpaid balance of the special assessments in excess of the charter or ordinance limit on the municipal security, but not in excess of a rate of more than 1% above the average rate of interest borne by the municipal security.","path":["MI Code","Chapter 141","Act Act-34-of-2001"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-141-2507","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"0678a08f76d375353918ddbd1abecb5a9c41bdf847894f4b577388bd30126cf5","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-141.2505","next":"us-mi/mich.-comp.-laws-141.2509"},"notice":"GroundRules: Original legal text. Not legal advice."}