Michigan · statute · 57 of 1957, Mich. Comp. Laws · 5 active provisions
For the purpose of this act unless the context otherwise indicates: (a) "Local improvement" means any public improvement, the expense of which, in whole or in part, the governing body of any city or village pursuant to law or charter has determined shall be defrayed by special assessments upon the property specially be…
Any city or village may advance the cost either in whole or in part of any local improvement, and in order to provide working capital funds for such purpose, by resolution of its governing body, may establish a fund to be designated "local improvement revolving fund."
Any city or village may provide funds for the local improvement revolving fund by any or all of the following means: (a) The allocation to the fund of miscellaneous revenues, if the revenues are not otherwise pledged or encumbered. (b) The appropriation of funds raised by general taxation in accordance with authorizati…
A local improvement revolving fund established pursuant to the provisions of this act shall be a separate depository account of the city or village. Any local improvement revolving fund shall be used only for the purpose of advancing the costs, either in whole or in part, of any local improvement. Moneys advanced from…
The authority hereby given shall be in addition to and not in derogation of any power existing in any city or village under any statutory or charter provision.