Sec. 31.
The governing body of the local government comprising the authority may advance or loan to the authority any money required for administrative expenses or for the purpose of obtaining maps, plans, designs, specifications, and cost estimates of a proposed lighting system. An advance or loan may be included as a part of any bond issue by the authority under this act and repaid to the local government upon the sale of the bonds.
History: 2012, Act 392, Imd. Eff. Dec. 19, 2012
Structure Michigan Compiled Laws
Chapter 123 - Local Government
Act 392 of 2012 - Municipal Lighting Authority Act (123.1261 - 123.1295)
Section 123.1261 - Short Title.
Section 123.1263 - Definitions.
Section 123.1267 - Alteration of Laws and Regulations of Utility Franchise.
Section 123.1269 - Articles of Incorporation.
Section 123.1279 - Fiscal Year; Commencement; Ending.
Section 123.1281 - Issuance of Bonds.
Section 123.1283 - Ancillary Facility.
Section 123.1285 - Contracts; Trust Agreement; Definitions.
Section 123.1287 - Property as Public Property; Exemption From Taxes.
Section 123.1289 - Acquisition of Property.
Section 123.1291 - Advance or Loan of Money From Local Governing Body to Authority.
Section 123.1293 - Powers in Addition to Charter or Statute.