Michigan Laws 125.4615 – Special assessment; levy; borrowing money and issuing notes
Current as of: 2024 | Check for updates
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Terms Used In Michigan Laws 125.4615
- Authority: means a corridor improvement authority created under section 604(1) or a joint authority created under section 604(2). See Michigan Laws 125.4602
- Municipality: means 1 of the following:
(i) A city. See Michigan Laws 125.4602
(1) An authority with the approval of the governing body may levy a special assessment as provided by law.
(2) The municipality may at the request of the authority borrow money and issue its notes under the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821, in anticipation of collection of the ad valorem tax authorized in this section.