MCL - Act 342 of 1969


Act 342 of 1969

AN ACT to establish a maximum rate of interest at which public corporations may issue bonds and other evidences of indebtedness; and to authorize public corporations to establish, fix and adjust maximum rates of interest on certain assessments or contract obligations.

History: 1969, Act 342, Imd. Eff. Dec. 26, 1969 ;-- Am. 1971, Act 40, Imd. Eff. June 17, 1971

The People of the State of Michigan enact:
Document Type Description
Section 141.151 Section Definitions.
Section 141.152 Section Maximum interest rate on certain bonds and evidences of indebtedness.
Section 141.153 Section Maximum interest rate on assessments or certain contract obligations; adjustment.