Michigan § 123.763 - Delinquent special assessments; advancement by municipality; reimbursement; reassessment.
Full text of Michigan Michigan Compiled Laws § 123.763 — Delinquent special assessments; advancement by municipality; reimbursement; reassessment., with citation guidance and answers to common questions.
§ 123.763. Delinquent special assessments; advancement by municipality; reimbursement; reassessment.
Whenever lands in any municipality are assessed by the board of public works for all or any part of the cost of a project, the governing body of the municipality by resolution adopted by 3/5 of its members elect may agree that in the event of delinquency in the collection of assessments against lands within the municipality, it will advance the amount of the delinquency to the extent necessary to pay principal and interest on any bonds issued in anticipation of the assessments, as the same mature. If moneys are so advanced by any municipality, then it shall be reimbursed therefor from the collection of the delinquent assessments and if collections from special assessments are not sufficient to reimburse any municipality making such advancements, within a 5-year period from the date of advancement, then the board of public works shall reassess the district as in the first instance in order to provide for the payment of the sum so advanced.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 123.763
What does Michigan Compiled Laws § 123.763 cover?
Section 123.763 ("Delinquent special assessments; advancement by municipality; reimbursement; reassessment.") 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 § 123.763?
A common citation format is "Michigan Compiled Laws § 123.763" (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 § 123.763 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.