Michigan § 141.443 - Budget stabilization fund; appropriation; additional taxes prohibited; limitation; investments; disposition of excess money.
Full text of Michigan Michigan Compiled Laws § 141.443 — Budget stabilization fund; appropriation; additional taxes prohibited; limitation; investments; disposition of excess money., with citation guidance and answers to common questions.
§ 141.443. Budget stabilization fund; appropriation; additional taxes prohibited; limitation; investments; disposition of excess money.
(1) Each fiscal year following the fiscal year in which a fund is created, the governing body of the municipality that created the fund may appropriate to the fund, by an ordinance or resolution adopted by a 2/3 vote of the members elected and serving, all or part of a surplus in the general fund resulting from an excess of revenue in comparison to expenses.
(2) A municipality shall not impose additional taxes producing revenue in excess of that needed for its estimated budget in order to provide for money to be appropriated to the fund.
(3) The amount of money in the fund shall not exceed either 20% of the municipality's most recent general fund budget, as originally adopted, or 20% of the average of the municipality's 5 most recent general fund budgets, as amended, whichever is less.
(4) The money in the fund may be invested as provided by law with the earnings of the fund to be returned to the municipality's general fund.
(5) If the money in the fund exceeds that permitted in subsection (3), the excess money shall be appropriated in the municipality's next general fund budget, but shall not be appropriated to the fund.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 141.443
What does Michigan Compiled Laws § 141.443 cover?
Section 141.443 ("Budget stabilization fund; appropriation; additional taxes prohibited; limitation; investments; disposition of excess money.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 141.443?
A common citation format is "Michigan Compiled Laws § 141.443" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 141.443 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.