Mich. Comp. Laws § 141.1451
Short title.
This act shall be known and may be cited as the "safe drinking water financial assistance act".
Michigan Compiled Laws — SAFE DRINKING WATER FINANCIAL ASSISTANCE ACT (Act 147 of 2000)
Michigan · statute · 147 of 2000, Mich. Comp. Laws · 5 active provisions
Mich. Comp. Laws § 141.1452
Definitions.
As used in this act: (a) "Assistance" means that term as it is defined in part 54 of the natural resources and environmental protection act, 1994 PA 451, MCL 324.5401 to 324.5418. (b) "Community water supply" means that term as it is defined in part 54 of the natural resources and environmental protection act, 1994 PA…
Mich. Comp. Laws § 141.1453
Notes or bonds; issuance; use; limitation; sale to Michigan municipal bond authority.
Subject to this act, a governmental unit may issue notes or bonds and use the proceeds of the notes or bonds for planning for the acquisition, construction, improvement, or installation of real or personal property comprising all or a portion of a community water supply or noncommunity water supply. For any governmenta…
Mich. Comp. Laws § 141.1454
Notes or bonds; issuance; authorization by resolution; provisions.
Notes or bonds issued under this act shall be authorized by a resolution of the governing body of the governmental unit, which may pledge the full faith and credit of the governmental unit to the payment of the principal of and interest on the notes or bonds. The resolution of the governing body of the governmental uni…
Mich. Comp. Laws § 141.1455
Construction of act; purpose; restriction.
This act shall be construed as cumulative authority for the exercise of the powers granted under this act. The purpose of this act is to create full and complete additional and alternate methods for the exercise of these powers, and the powers conferred by this act shall not be affected or limited by any other statute…