Sec. 33.
Whenever lands in any municipality are assessed by the board of public works for all or any part of the cost of a project, the governing body of the municipality by resolution adopted by 3/5 of its members elect may agree that in the event of delinquency in the collection of assessments against lands within the municipality, it will advance the amount of the delinquency to the extent necessary to pay principal and interest on any bonds issued in anticipation of the assessments, as the same mature. If moneys are so advanced by any municipality, then it shall be reimbursed therefor from the collection of the delinquent assessments and if collections from special assessments are not sufficient to reimburse any municipality making such advancements, within a 5-year period from the date of advancement, then the board of public works shall reassess the district as in the first instance in order to provide for the payment of the sum so advanced.
History: Add. 1964, Act 42, Eff. Aug. 28, 1964
Structure Michigan Compiled Laws
Chapter 123 - Local Government
Act 185 of 1957 - County Department and Board of Public Works (123.731 - 123.786)
185-1957-2 - Chapter 2 Special Assessment Procedure (123.751...123.763)
Section 123.751 - Special Assessments for Project.
Section 123.753 - Special Assessments; Final Determination of District; Special Assessment Roll.
Section 123.754 - Special Assessments; Confirmation of Roll.
Section 123.756 - Special Assessments; Certification of Amounts to Be Spread.
Section 123.757 - Special Assessments; Collection.
Section 123.758 - Special Assessments; Lien.
Section 123.759 - Special Assessments; Apportionment on Division of Parcels.
Section 123.760 - Special Assessments; Prorated Deficiency or Surplus of Collection.
Section 123.761 - Special Assessments; Curative Proceedings.
Section 123.762 - Special Assessments; Exempted Lands; Agreement to Pay Assessment.