Sec. 389.
(1) The department or the department of treasury may withhold all or part of any payment that a municipality is entitled to receive under a budget act to the extent the withholdings are a component part of a plan, developed and implemented under the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821, for financing an outstanding obligation upon which the municipality defaulted. Amounts withheld shall be used to pay, on behalf of the municipality, unpaid amounts or subsequently due amounts, or both, of principal and interest on the outstanding obligation upon which the municipality defaulted.
(2) Within 30 days after any amount is withheld from any municipality pursuant to this section, the department withholding the payment shall report in writing the name of the municipality and the amount that is being withheld from that municipality to the appropriations committees and the fiscal agencies.
(3) For purposes of this section, "municipality" means that term as defined in section 103 of the revised municipal finance act, 2001 PA 34, MCL 141.2103.
History: 1984, Act 431, Eff. Mar. 29, 1985 ;-- Am. 1988, Act 504, Imd. Eff. Dec. 29, 1988 ;-- Am. 2002, Act 188, Imd. Eff. Apr. 24, 2002 Popular Name: Act 431Popular Name: DMB
Structure Michigan Compiled Laws
Chapter 18 - Department of Management and Budget
Act 431 of 1984 - The Management and Budget Act (18.1101 - 18.1594)
Article 3 - (18.1301...18.1397)
Section 18.1301 - Meanings of Words and Phrases.
Section 18.1302 - Definitions; A.
Section 18.1303 - Definitions; D to P.
Section 18.1304 - Definitions; S.
Section 18.1305 - Definitions; T, U.
Section 18.1331 - Information; Assistance.
Section 18.1341 - Executive State Budget; Evaluations; Review.
Section 18.1342 - Economic Analysis, Revenue Estimating, and Monitoring Activity.
Section 18.1343 - Statistical Studies; Population Estimates and Projections.
Section 18.1345 - State Mandated Programs; Costs; Recommendations.
Section 18.1347 - Hearings; Attendance.
Section 18.1350 - State Spending Paid to Units of Local Government; Refunds or Other Repayments.
Section 18.1350a - Additional Definitions.
Section 18.1350b - Prohibited Taxes; Revenue Limit; Report.
Section 18.1350d - Revenues Required to Be Refunded; Procedures.
Section 18.1352 - Transfer of Funds Based on Annual Growth Rate; Formula.
Section 18.1353 - Repealed. 2018, Act 613, Eff. Mar. 29, 2019.
Section 18.1353a, 18.1353b - Repealed. 1999, Act 8, Imd. Eff. Mar. 22, 1999.
Section 18.1353c - Repealed. 2007, Act 145, Imd. Eff. Dec. 1, 2007.
Section 18.1353d - Repealed. 1999, Act 8, Imd. Eff. Mar. 22, 1999.
Section 18.1353e, 18.1353f - Repealed. 2007, Act 145, Imd. Eff. Dec. 1, 2007.
Section 18.1354a - Repealed. 1999, Act 8, Imd. Eff. Mar. 22, 1999.
Section 18.1356 - Balance in Fund; Rebate of Excess.
Section 18.1357 - Shortfall in State General Fund - General Purpose Revenue.
Section 18.1358 - Emergency Appropriation From Fund; Conditions; Additional Transfer.
Section 18.1360a - Expenditure of Money; Limitation.
Section 18.1361 - Submission of Tax Credit, Deduction, and Expenditure Report.
Section 18.1362, 18.1362a - Repealed. 1999, Act 8, Imd. Eff. Mar. 22, 1999.
Section 18.1365 - Appropriation Bills; Passed and Presented on or Before July 1.
Section 18.1366 - Financing and Maintenance of State Agency Subject to Act.
Section 18.1367a - “Conference” and “Principal” Defined.
Section 18.1367b - Revenue Estimating Conference; Principals; Forecasts.
Section 18.1367c - Requests by Conference for Assistance and Data.
Section 18.1367d - Conference Procedures.
Section 18.1367e - Publication of Economic and Revenue Forecasts.
Section 18.1367f - Convening Conference Upon Request of Principal.
Section 18.1367g - Repealed. 1991, Act 72, Imd. Eff. July 11, 1991.
Section 18.1369 - Item or Items Vetoed by Governor; Funding From Other Source.
Section 18.1381 - New or Expanded Programs.
Section 18.1382 - Repealed. 1999, Act 8, Imd. Eff. Mar. 22, 1999.
Section 18.1386 - Monthly Financial Reports; Preparation; Transmittal; Contents.
Section 18.1389 - Withholding of Payment to Municipality; Purpose; Report; “Municipality” Defined.
Section 18.1392 - Reduction of Line Item Appropriations in Subsequent Legislation.
Section 18.1397 - Repealed. 2018, Act 613, Eff. Mar. 29, 2019.