Michigan Laws 41.350p – Pledge of sales tax money by ordinance
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 41.350p
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
To secure repayment of a loan authorized by section 20m, the township board may pledge, by ordinance as provided in section 20q to 20s, all or any specified portion of sales tax money to be received by the township under section 8 and 10 of article IX of the state constitution of 1963 during the period the loan remains outstanding.