Michigan Compiled Laws
Act 30 of 1978 - Budget Stabilization Fund (141.441 - 141.445)
Section 141.442 - Budget Stabilization Fund; Creation.

Sec. 2.
The governing body of a municipality by an ordinance adopted by a 2/3 vote of the members elected and serving may create a budget stabilization fund.
History: 1978, Act 30, Imd. Eff. Feb. 24, 1978

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 141 - Municipal Financing

Act 30 of 1978 - Budget Stabilization Fund (141.441 - 141.445)

Section 141.441 - Definitions.

Section 141.442 - Budget Stabilization Fund; Creation.

Section 141.443 - Budget Stabilization Fund; Appropriation; Additional Taxes Prohibited; Limitation; Investments; Disposition of Excess Money.

Section 141.444 - Budget Stabilization Fund; Purposes; Sufficiency of Municipality's Revenue.

Section 141.445 - Budget Stabilization Fund; Prohibitions.