Section 125.2854 - Borrowing money and issuing bonds.
HISTORICAL NEIGHBORHOOD TAX INCREMENT FINANCE AUTHORITY ACT (EXCERPT)
Act 530 of 2004
125.2854 Borrowing money and issuing bonds.
Sec. 14.
The municipality may at the request of the authority borrow money and issue its notes under the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821, in anticipation of collection of the ad valorem tax authorized in this section.
History: 2004, Act 530, Imd. Eff. Jan. 3, 2005