Sec. 10.
A board shall not submit a proposal to issue bonds under this act more than 1 time during a calendar year.
History: 1988, Act 265, Imd. Eff. July 15, 1988 ;-- Am. 1989, Act 25, Imd. Eff. May 22, 1989
Structure Michigan Compiled Laws
Act 265 of 1988 - District Library Financing Act (397.281 - 397.290)
Section 397.281 - Short Title.
Section 397.282 - Definitions.
Section 397.283 - Powers of Board.
Section 397.285 - Issuance of Limited Tax Bonds or Notes by Resolution.
Section 397.286 - Repealed. 1989, Act 25, Imd. Eff. May 22, 1989.
Section 397.288 - Authorization and Levy of Taxes to Pay Principal of and Interest on Bonds.
Section 397.289 - Bonds Subject to Revised Municipal Finance Act.
Section 397.290 - Submission of Proposal to Issue Bonds; Limitation.