Mich. Comp. Laws § 460.806

Current through Public Act 185 of the 2024 Legislative Session
Section 460.806 - Definitions; P to R
(1) "Person" means an individual, corporation, association, partnership, governmental entity, or any other legal entity.
(2) "Power utility" means any person engaged or that may engage, inside or outside the state, in generating, transmitting, or distributing or furnishing electricity.
(3) "Power utility bond" means electric utility bonds, notes, or other evidences of indebtedness of a municipality, including refunding bonds issued to underwrite projects authorized by this act.
(4) "Revenues" means all fees, charges, moneys, profits, payment of principal of, or interest on, municipal or power utility bonds, or other gifts, grants, contributions and appropriations.

MCL 460.806

Amended by 2008, Act 21,s 3 , eff. 3/7/2008.
1976, Act 448, Imd. Eff. 1/13/1977.