12-16,108. State grants or loans to municipalities; definitions.

12-16,108

Chapter 12.--CITIES AND MUNICIPALITIES
Article 16.--MISCELLANEOUS PROVISIONS

      12-16,108.   State grants or loans to municipalities; definitions. When used in this act:

      (a)   "Municipality" means any city, county, township, school district or other political subdivision of the state;

      (b)   "state agency" means any department, authority, office or other governmental agency of this state which is authorized by law to make state grants or loans to a municipality;

      (c)   "state grants or loans" means financial aid, gifts, grants or other payments to a municipality made pursuant to a written agreement by a state agency, including moneys loaned to a municipality, with or without interest, whether such money is derived from state or federal revenue sources or from moneys borrowed by the state or its agencies as authorized by law.

      History:   L. 1989, ch. 56, § 1; July 1.