Terms Used In Michigan Laws 252.60

  • Contract: A legal written agreement that becomes binding when signed.
   Each governmental unit that is a party to any such contract or contracts for the construction of limited access highways is also authorized to make an additional irrevocable pledge for a fixed period of not exceeding 30 years, of any contributions or funds received, or to be received, from the federal government or any of its agencies, or from any other source for or in aid of the project or combined projects provided for in said contract or contracts.