Michigan § 123.961b - Ordinance or resolution authorizing issuance of bonds; adoption; contents.
Full text of Michigan Michigan Compiled Laws § 123.961b — Ordinance or resolution authorizing issuance of bonds; adoption; contents., with citation guidance and answers to common questions.
§ 123.961b. Ordinance or resolution authorizing issuance of bonds; adoption; contents.
The ordinance or resolution authorizing issuance of bonds shall become effective upon its adoption unless otherwise specified in the ordinance or resolution and shall be recorded in the minutes of the commission as soon as practicable after its passage. The provisions of this section shall constitute the sole requirements with respect to the adoption of any such ordinance or resolution. The ordinance or resolution authorizing the bonds shall set forth a brief description of the contract of lease, the contemplated project, the estimated cost of the contemplated project, the estimated period of usefulness of the contemplated project, and the amount and maximum rate of interest and time of payment of the bonds.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 123.961b
What does Michigan Compiled Laws § 123.961b cover?
Section 123.961b ("Ordinance or resolution authorizing issuance of bonds; adoption; contents.") 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 § 123.961b?
A common citation format is "Michigan Compiled Laws § 123.961b" (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 § 123.961b 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.