Home/Michigan/Statutes/Ch. 141: MUNICIPAL FINANCING/Act 57 of 1957: LOCAL IMPROVEMENT REVOLVING FUND (141.371-141.375)/§ 141.371
Michigan Statutes

§ 141.371 — Definitions.

Michigan § 141.371
JurisdictionMichigan
Ch. 141MUNICIPAL FINANCING
Act 57 of 1957LOCAL IMPROVEMENT REVOLVING FUND (141.371-141.375)

This text of Michigan § 141.371 (Definitions.) 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 § 141.371 (2026).

Text

LOCAL IMPROVEMENT REVOLVING FUND (EXCERPT) Act 57 of 1957 141.371 Definitions. Sec. 1. For the purpose of this act unless the context otherwise indicates:

(a)"Local improvement" means any public improvement, the expense of which, in whole or in part, the governing body of any city or village pursuant to law or charter has determined shall be defrayed by special assessments upon the property specially benefited.
(b)"Governing body" means the council, common council, or commission of a city or the council, commission, or board of trustees of a village.
(c)"Local improvement revolving fund" means the fund authorized to be established under this act for the purposes specified in this act.
(d)"Tax elector" means a person having the qualifications of an elector.

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Legislative History

1957, Act 57, Eff. Sept. 27, 1957 ;-- Am. 2002, Act 287 , Imd. Eff. May 9, 2002

Nearby Sections

15
§ 141.1001
Short title.
§ 141.1002
State administrative board; powers and duties; actions of board.
§ 141.1003
Cities or counties authorized to borrow money and issue general obligation bonds or obligations to fund operating deficit.
§ 141.1004
Application for order approving bonds or obligations; resolution; determination of accumulated operating deficit; conditions and determinations; statement; issuance of order; determinations and findings conclusive; maximum amount of bonds or obligations; exceptions; bonds or obligations not subject to revised municipal finance act; agency financing reporting act applicable.
§ 141.1005
Bonds or obligations; amounts included.
§ 141.1006
Bonds or obligations; terms and conditions.
§ 141.1007
Levy of property taxes for payment of principal and interest on bonds or obligations.
§ 141.1008
Issuing bonds or obligations as limited tax bonds or obligations; resolution without vote of electors and publication of notice; submitting question to electors; approval or disapproval; prior actions.
§ 141.1009
Bonds or obligations issued before April 11, 1988; bonds or obligations issued after April 11, 1988 and before January 1, 2010; powers of legislative body; agreement providing for direct payment of distributable aid to paying agent, trustee, escrow agent, or other person; lien; special fund; use of taxes; definition.
§ 141.101
Short title; revenue bond act of 1933.
§ 141.1010
Action to enforce compliance with act.
§ 141.1011
Conditional effective date.
§ 141.102
Construction of act.
§ 141.103
Definitions.
§ 141.104
Municipal public improvements; limitations; bonds; acquiring utility for supplying light, heat or power; referendum; powers exercised.
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Bluebook (online)
Michigan § 141.371, Counsel Stack Legal Research, https://law.counselstack.com/statute/mi/141/141.371.