Michigan Compiled Laws
40-1956-12. - Chapter 12. Revolving Funds for Drains. (280.301...280.307)
Section 280.303 - Revolving Drain Fund; Accounting Records; Reimbursement.

Sec. 303.
The county treasurers shall carry as a separate account upon the books of their office a revolving fund and all accounts and items pertaining thereto. A record shall be kept of the amount of money paid from the revolving fund for the use and benefit of any particular drainage district and upon payment to the county treasurer of the taxes assessed in the particular drainage district, the county treasurer, out of the moneys received, shall transfer to the revolving fund pro rata according to the number of installments of taxes the sum expended.
History: 1956, Act 40, Imd. Eff. Mar. 28, 1956 ;-- Am. 1969, Act 66, Imd. Eff. July 21, 1969 Popular Name: Act 40

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 280 - Drain Code of 1956

Act 40 of 1956 - The Drain Code of 1956 (280.1 - 280.630)

40-1956-12. - Chapter 12. Revolving Funds for Drains. (280.301...280.307)

Section 280.301 - Revolving Drain Fund; Creation, Use.

Section 280.302 - Revolving Drain Fund; Use; Intercounty Drains; Expenses After Date of Letting Drain Contracts.

Section 280.303 - Revolving Drain Fund; Accounting Records; Reimbursement.

Section 280.304 - Revolving Drain Fund; Deposit in Bank; Interest.

Section 280.305 - Revolving Drain Fund; Transfer to Particular Drain Fund of Moneys Under Former Law, Use.

Section 280.306 - Revolving Fund; Expenditures or Obligation Before Completion of Improvement; Report to County Board of Commissioners; Apportionment.

Section 280.307 - Revolving Fund; Expenditures or Obligation Before Completion of Improvement; Intercounty Drainage District, Apportionment; Recovery of Money.