Sec. 8.
All money received by a political subdivision pursuant to section 5 or 6 shall be deposited in such fund or funds as may be designated in the agreement: Provided, however, That if the agreement does not make such designation, the money shall be deposited in such fund or funds as the governing body of such political subdivision shall by appropriate resolution direct.
History: 1941, Act 318, Eff. Jan. 10, 1942 ;-- CL 1948, 3.228
Structure Michigan Compiled Laws
Chapter 3 - Federal and Interstate Relations
Act 318 of 1941 - u.s. Payments in Lieu of Taxes (3.221 - 3.229)
Section 3.221 - Federal Payments in Lieu of Taxes, Definition.
Section 3.222 - Contracts Between United States and State Political Subdivisions; Authorization.
Section 3.223 - Agreements on Division of Payment Among Political Subdivisions.
Section 3.224 - County Treasurers' Duties.
Section 3.225 - Distribution of Payments; Acceptance and Refusal.
Section 3.226 - Direct United States-Political Subdivision Contract; Authorization.
Section 3.227 - Basis for Determination of Amount of Payment.
Section 3.228 - Depositing Funds Received by Political Subdivisions.
Section 3.229 - Duty of Political Subdivision to Furnish Services.