Michigan Compiled Laws
40-1956-12. - Chapter 12. Revolving Funds for Drains. (280.301...280.307)
Section 280.304 - Revolving Drain Fund; Deposit in Bank; Interest.

Sec. 304.
The said revolving fund shall be deposited in the bank of the county offering the highest rate of interest on daily balances, final determination to be made by the board of supervisors of the particular county, the interest so received to be paid into and become a part of said fund.
History: 1956, Act 40, Imd. Eff. Mar. 28, 1956 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.