Mich. Comp. Laws § 123.961j

Current through Public Act 57 of the 2024 Legislative Session

Section 123.961j - Bonds subject to revised municipal finance act; tax exemption

(1) All bonds authorized under this act are subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.

(2) The principal and interest on bonds issued under this act are exempt from taxation by this state and by any other taxing authority within this state.

MCL 123.961j

Add. 1973, Act 110, Imd. Eff. 8/19/1973 ;--Am. 1978, Act 365, Imd. Eff. 7/22/1978 ;--Am. 1980, Act 74, Imd. Eff. 4/3/1980 ;--Am. 1983, Act 29, Imd. Eff. 5/6/1983 ;--Am. 2002, Act 306, Imd. Eff. 5/13/2002.