Sec. 3.
The legislative or governing body of any political subdivision may allocate to said fund miscellaneous revenues received and credited to the general fund, including revenues received by said political subdivision under the provisions of Act No. 155 of the Public Acts of 1937, as amended, being sections 211.351 to 211.364, inclusive, of the Compiled Laws of 1948, and also revenues received from the sale of lands owned by the political subdivision and which are no longer needed for public purposes, if said revenues are not otherwise pledged or encumbered for other purposes.
History: 1943, Act 177, Imd. Eff. Apr. 17, 1943 ;-- Am. 1944, 1st Ex. Sess., Act 4, Imd. Eff. Feb. 16, 1944 ;-- CL 1948, 141.263 ;-- Am. 1956, Act 136, Eff. Aug. 11, 1956
Structure Michigan Compiled Laws
Chapter 141 - Municipal Financing
Act 177 of 1943 - Public Improvement Funds (141.261 - 141.265)
Section 141.261 - Funds for Public Improvements or Buildings.
Section 141.262 - Funds for Public Improvements or Buildings; Transfer or Encumbrance.
Section 141.264 - Tax Limitation.
Section 141.265 - Additional Powers; Political Subdivision Construction.