Michigan Laws 123.961j – Bonds subject to revised municipal finance act; tax exemption
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(1) All bonds authorized under this act are subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.
(2) The principal and interest on bonds issued under this act are exempt from taxation by this state and by any other taxing authority within this state.
Terms Used In Michigan Laws 123.961j
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o