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Mich. Comp. Laws § 125.4615

Special assessment; levy; borrowing money and issuing notes

2018, Act 57, Eff

Sec. 615. (1) An authority with the approval of the governing body may levy a special assessment as provided by law. (2) The municipality may at the request of the authority borrow money and issue its notes under the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821, in anticipation of collection of the ad valorem tax authorized in this section.

Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.