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Michigan Compiled Laws, Chapter 141. Municipal Financing § 141.1411

Current as of January 01, 2025 | Updated by Findlaw Staff

Sec. 11. The payment of principal, interest, and other costs including engineering, financial, and issuance costs, associated with bonds issued by the authority may be made by the authority from any of the following revenues:

(a) Federal grants, loans, appropriations, payments, or contributions.

(b) The proceeds from the sale, exchange, mortgage, lease, or other disposition of property that the authority has acquired.

(c) Grants, loans, appropriations, payments, proceeds from repayments of loans made by the authority, or contributions from public or private sources.

(d) Money in the fund including rents, admission fees, or other charges for use of the convention facility.

(e) Investment earnings on the revenues described in subdivisions (a) to (d).

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Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 141. Municipal Financing § 141.1411 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-141-municipal-financing/mi-comp-laws-141-1411/

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