Michigan Laws 141.1158b – Amount held in trust
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Terms Used In Michigan Laws 141.1158b
- lighting authority: means a lighting authority created under the municipal lighting authority act. See Michigan Laws 141.1152
- person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
Notwithstanding any ordinance of a city levying the tax or any other provision of this act, any utility, resale customer, other entity, or person that collects a tax or any money represented to be a tax authorized under this act holds the amount so collected in trust for the benefit of the city, or for bondholders secured by a pledge with a lighting authority.