Mich. Comp. Laws § 125.2044

Current through Public Act 156 of the 2024 Legislative Session

Section 125.2044 - Utilization of money; purposes

Subject to the limitations provided by this chapter, the fund may utilize money held in the local government assistance account for 1 or more of the following purposes:

(a) To make loans to a municipality.

(b) To establish a reserve fund to insure or guarantee borrowings of a municipality.

MCL 125.2044

1984, Act 270, Eff. 3/29/1985.