Sec. 16.
There may be included as a part of the cost of any project, engineering and legal fees, administration expenses during the period of construction, financing costs, a reasonable amount for contingencies, interest on any bonds to be issued therefor for a period not exceeding the estimated construction period and 6 months thereafter, and any other costs incident to the acquisition and financing of the project.
History: 1957, Act 185, Imd. Eff. June 4, 1957
Structure Michigan Compiled Laws
Chapter 123 - Local Government
Act 185 of 1957 - County Department and Board of Public Works (123.731 - 123.786)
185-1957-1 - Chapter 1 General Provisions (123.731...123.747)
Section 123.731 - Definitions.
Section 123.733 - Board of Public Works; Officers.
Section 123.735 - Expenses and Expenditures of Board of Public Works.
Section 123.736 - Board of Public Works; Director; Project Costs; Civil Service.
Section 123.737 - Powers of County; Administration by Board of Public Works.
Section 123.738 - Acquiring Systems or Making Lake Improvements Outside Corporate Limits.
Section 123.741 - Methods of Financing Systems or Improvements.
Section 123.743 - Project Special Assessment District; Municipal Special Assessments.
Section 123.744a - Validation of Certain Bonds or Notes; Contest Prohibited.
Section 123.746 - Water Supply or Sewage Disposal or Refuse Systems; Project Costs.