Michigan Compiled Laws
34-2001-IV - Part IV Short-Term Municipal Securities (141.2401...141.2415)
Section 141.2411 - Money Deposited in Special Fund; Use.

Sec. 411.
The money in each special fund required by this part shall be deposited in a bank account separate from any other money of the municipality and shall be used for no purpose other than to retire the municipal security for which the special fund was established.
History: 2001, Act 34, Eff. Mar. 1, 2002

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 141 - Municipal Financing

Act 34 of 2001 - Revised Municipal Finance Act (141.2101 - 141.2821)

34-2001-IV - Part IV Short-Term Municipal Securities (141.2401...141.2415)

Section 141.2401 - Short-Term Municipal Securities; Issuance; Conditions; Public Airport Authority.

Section 141.2403 - Resolution Authorizing Municipal Security; Tax Levy Provision; Operating Expenditures; Limitation; Set Aside of Taxes Collected; Tax Installments; Capital Improvements; Debt Service Charges.

Section 141.2405 - Issuance of Short-Term Municipal Securities; Payments Allowed; Operating Expenditures or Debt Service Charges; Limitation; Authorizing Resolution; Set Aside of Taxes Collected; Capital Improvements; Deduction of Outstanding Princip...

Section 141.2407 - Anticipation of Revenue Sharing Payments; Issuance of Short-Term Municipal Securities; Payment of Operating Expenditures; Authorizing Resolution; Set Aside of Amounts for Payment of Principal and Interest.

Section 141.2409 - Interest Rate; Limitation; Payment.

Section 141.2411 - Money Deposited in Special Fund; Use.

Section 141.2413 - Anticipation of Long-Term Municipal Security Proceeds; Issuance of Short-Term Municipal Security; Authorization of Principal, Interest, and Redemption Premiums; Limitation on Principal Amount; Use of Proceeds.

Section 141.2415 - Anticipation of State or Federal Grants; Issuance of Short-Term Municipal Security; Pledge of Grant Proceeds as Payment of Principal, Interest, and Redemption Premiums; Limitation on Principal Amount; Use of Municipal Security Proc...