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66 chapters · 621 sections in this title.
Mich. Comp. Laws § 141.441 Definitions.
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Sec. 1. As used in this act: (a) "Fund" means a budget stabilization fund. (b) "Municipality" means a county, city, village, or township.
Mich. Comp. Laws § 141.442 Budget stabilization fund; creation.
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Sec. 2. The governing body of a municipality by an ordinance adopted by a 2/3 vote of the members elected and serving may create a budget stabilization fund.
Mich. Comp. Laws § 141.443 Budget stabilization fund; appropriation; additional taxes prohibited; limitation; investments; disposition of excess money.
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Sec. 3. (1) Each fiscal year following the fiscal year in which a fund is created, the governing body of the municipality that created the fund may appropriate to the fund, by an ordinance or resolution adopted by a 2/3 vote of the members elected and serving, all or part of a su…
Mich. Comp. Laws § 141.444 Budget stabilization fund; purposes; sufficiency of municipality's revenue.
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Sec. 4. (1) Money in the budget stabilization fund may be appropriated by an ordinance or resolution adopted by a 2/3 vote of the members elected and serving of the governing body of the municipality which created the fund for the following purposes: (a) To cover a general fund d…