Michigan Laws 129.242 – Credit card arrangement; use of credit cards
Current as of: 2023 | Check for updates
|
Other versions
(1) Subject to section 3 and 5, the governing body of a local unit may enter into a credit card arrangement.
(2) A credit card arrangement or the use of credit cards under this act is not subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821, or to provisions of law or charter concerning the issuance of debt by a local unit.
Terms Used In Michigan Laws 129.242
- Credit card: means a card or device issued under a credit card arrangement by a person licensed under 1984 PA 379, MCL 493. See Michigan Laws 129.241
- Credit card arrangement: means an unsecured extension of credit for purchasing goods or services from the credit card issuer or any other person that is made to the holder of a credit card and that is accessed with a credit card. See Michigan Laws 129.241
- Governing body: means any of the following:
(i) The council, commission, or other entity vested with the legislative power of a village. See Michigan Laws 129.241Local unit: means any of the following:
(i) A village. See Michigan Laws 129.241