Michigan § 125.1424a - Land acquisition and development fund; creation; payment of moneys into fund.
Full text of Michigan Michigan Compiled Laws § 125.1424a — Land acquisition and development fund; creation; payment of moneys into fund., with citation guidance and answers to common questions.
§ 125.1424a. Land acquisition and development fund; creation; payment of moneys into fund.
A fund to be known as the "land acquisition and development fund" is created and established under the jurisdiction and control of the authority.
There shall be paid into the land acquisition and development fund: any moneys appropriated and made available by the state for the purposes of this fund; any moneys which the authority receives from the sale or rental of real property purchased by the authority with moneys from this fund; and any other moneys which may be made available to or by the authority and designated by the authority for the purpose of this fund from any other source including unpledged accumulated fees and charges and unpledged interest income of the authority. As used in this section, "real property" means an interest, including fee or leasehold interest, in land or improvements to land or a portion thereof.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 125.1424a
What does Michigan Compiled Laws § 125.1424a cover?
Section 125.1424a ("Land acquisition and development fund; creation; payment of moneys into fund.") 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 § 125.1424a?
A common citation format is "Michigan Compiled Laws § 125.1424a" (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 § 125.1424a 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.