Sec. 12.
Instead of the provisions in sections 7, 8, and 9 in respect to the acquisition, construction, improvement, enlargement, extension, or financing of a sewage disposal system, water supply system, solid waste management system, or a combination of systems, the authority may elect to proceed under the provisions of Act No. 94 of the Public Acts of 1933, as amended, being sections 141.101 to 141.139 of the Michigan Compiled Laws, or any other act authorizing the issuance of revenue bonds, by which the financing of a project would be consummated by the issuance of revenue bonds payable from the revenues of the system or systems, if the charges and rates for service in any contract entered into under the provisions of section 10 are sufficient to satisfy the provisions of the act under which revenue bonds shall be issued. A project may be financed in part under the provisions of sections 7, 8, and 9 and in part as permitted under this section.
History: 1955, Act 233, Eff. Oct. 14, 1955 ;-- Am. 1957, Act 299, Imd. Eff. June 19, 1957 ;-- Am. 1981, Act 154, Imd. Eff. Nov. 19, 1981
Structure Michigan Compiled Laws
Act 233 of 1955 - Municipal Sewage and Water Supply Systems (124.281 - 124.294)
Section 124.281 - Definitions.
Section 124.283 - Joint Authority; Articles of Incorporation, Contents.
Section 124.284 - Authority as Municipal Authority and Public Body Corporate; Powers Generally.
Section 124.284a - Rules and Regulations; Adoption by Resolution; Notice; Effective Date; Summary.
Section 124.284b - Violation of Rule or Regulation; Civil Fine.
Section 124.284c - Prohibitions and Penalties.
Section 124.284e - Discontinuance and Restoration of Service.
Section 124.288a - Violation of MCL 168.1 to 168.992 Applicable to Petitions; Penalties.
Section 124.292 - Financing Project by Issuance of Revenue Bonds; Charges and Rates.
Section 124.294 - Constituent Municipalities; Additional Powers.