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Michigan Compiled Laws, Chapter 141. Municipal Financing § 141.2409

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

Sec. 409. A municipal security issued pursuant to this part shall bear no interest or interest at a rate not to exceed that provided in part III  1 and shall be payable not later than the estimated time of collection of an amount sufficient for its payment out of the taxes or revenues pledged for the municipal security, as determined by the governing body of the municipality.

1 M.C.L.A. § 141.2301 et seq.
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Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 141. Municipal Financing § 141.2409 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-141-municipal-financing/mi-comp-laws-141-2409/

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