Sec. 2.
Any city or village may advance the cost either in whole or in part of any local improvement, and in order to provide working capital funds for such purpose, by resolution of its governing body, may establish a fund to be designated "local improvement revolving fund."
History: 1957, Act 57, Eff. Sept. 27, 1957
Structure Michigan Compiled Laws
Chapter 141 - Municipal Financing
Act 57 of 1957 - Local Improvement Revolving Fund (141.371 - 141.375)
Section 141.371 - Definitions.
Section 141.372 - Local Improvement Revolving Fund; Establishment.
Section 141.373 - Sources of Funds.
Section 141.374 - Local Improvement Revolving Fund; Repayment of Advances.