Sec. 531.
Any public or private corporation, firm, or individual may advance money for the payment of any part of the cost of a project under this act, in which event it shall be reimbursed by the drainage district, with or without interest as may be agreed, when funds are available. The obligation of the drainage district to make the reimbursement may be evidenced by a contract or note, which contract or note may pledge the full faith and credit of the drainage district and may be made payable out of the assessments made against public corporations or out of the proceeds of drain orders or bonds issued by the drainage district pursuant to this act or out of any other available funds, but the contract or note is not subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.
History: 1956, Act 40, Imd. Eff. Mar. 28, 1956 ;-- Am. 1963, Act 215, Imd. Eff. May 17, 1963 ;-- Am. 2002, Act 406, Imd. Eff. June 3, 2002 Popular Name: Act 40
Structure Michigan Compiled Laws
Chapter 280 - Drain Code of 1956
Act 40 of 1956 - The Drain Code of 1956 (280.1 - 280.630)
40-1956-21. - Chapter 21. Intercounty Drains; Public Corporations. (280.511...280.549)
Section 280.511 - Definitions.
Section 280.512 - Public Health; Assessment Against Public Corporations.
Section 280.514 - Drainage Board; Membership; Chairperson; Appointee; Exception.
Section 280.515 - Augmented Drainage Board; Members, Compensation; Expenses.
Section 280.516 - Minutes of Meetings; Secretary's Duties, Records, Filing.
Section 280.523 - Contracts With Federal Government or Corporations; Bids.
Section 280.524 - Designation of a County Treasurer; Deputies, Bonds; Expenditures.
Section 280.527 - Statutory or Charter Tax Limitation Inapplicable; Rate or Amount of Taxes.
Section 280.529 - Additional Assessment; Apportionment.
Section 280.531 - Advances by Corporations; Reimbursement.
Section 280.532 - Venue of Actions; Appointment of Circuit Judge.
Section 280.533 - Costs; Items.
Section 280.534 - Deputy for Director of Agriculture; Powers.
Section 280.535 - Improvements or Additions to Drains for Public Health.
Section 280.536 - Certiorari; Time; Legal Establishment of Drain.
Section 280.537 - Procedures; Incorporation of Other Chapters in Drainage Board Orders.
Section 280.538 - New Cities; Service of Notice on Township Clerk or De Facto City Officer.
Section 280.540 - Relief Drains.
Section 280.541 - River, Creek, or Watercourse; Petition to Inclusion in Jurisdiction.
Section 280.545 - River, Creek, or Watercourse; Assessment of Costs, Hearing; Powers.
Section 280.546 - Drainage Board Funds; Investment of Surplus, Interest.
Section 280.547a - Surplus Construction Funds; Disposition; Use.
Section 280.548 - Pollution in Intercounty Drain; Abatement; Petition.
Section 280.549 - Assessments Against Townships and Villages.