Michigan § 141.262 Funds for public improvements or buildings; transfer or encumbrance.

Michigan Statutes

§ 141.262 — Funds for public improvements or buildings; transfer or encumbrance.

Michigan § 141.262

Ch. 141MUNICIPAL FINANCING

Act 177 of 1943PUBLIC IMPROVEMENT FUNDS (141.261-141.265)

This text of Michigan § 141.262 (Funds for public improvements or buildings; transfer or encumbrance.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 141.262 (2026).

Text

PUBLIC IMPROVEMENT FUNDS (EXCERPT) Act 177 of 1943 141.262 Funds for public improvements or buildings; transfer or encumbrance. Sec.

2.Notwithstanding the provisions of any law or the charter of any city or village, moneys accumulated in said fund shall not be transferred, encumbered or otherwise disposed of, except for the purpose of acquiring, constructing, extending, altering, repairing or equipping public improvements or public buildings, which a political subdivision may by the provisions of its charter or the general law be authorized to acquire, construct, extend, alter, repair or equip. Funds established and moneys on hand which had been allocated to or appropriated for the making of capital improvements on January 1, 1956, may be transferred to or credited to such reserve fund cr

Free access — add to your briefcase to read the full text and ask questions with AI

PUBLIC IMPROVEMENT FUNDS (EXCERPT) Act 177 of 1943 141.262 Funds for public improvements or buildings; transfer or encumbrance. Sec. 2. Notwithstanding the provisions of any law or the charter of any city or village, moneys accumulated in said fund shall not be transferred, encumbered or otherwise disposed of, except for the purpose of acquiring, constructing, extending, altering, repairing or equipping public improvements or public buildings, which a political subdivision may by the provisions of its charter or the general law be authorized to acquire, construct, extend, alter, repair or equip. Funds established and moneys on hand which had been allocated to or appropriated for the making of capital improvements on January 1, 1956, may be transferred to or credited to such reserve fund created under authority of this act and when so transferred or credited shall be governed by the provisions of this act.

Legislative History

1943, Act 177, Imd. Eff. Apr. 17, 1943 ;-- Am. 1944, 1st Ex. Sess., Act 4, Imd. Eff. Feb. 16, 1944 ;-- CL 1948, 141.262 ;-- Am. 1956, Act 136, Eff. Aug. 11, 1956