Michigan § 125.2484 - Use of money earned, received, or charged under certain conditions.
Full text of Michigan Michigan Compiled Laws § 125.2484 — Use of money earned, received, or charged under certain conditions., with citation guidance and answers to common questions.
§ 125.2484. Use of money earned, received, or charged under certain conditions.
Interest earned from the investment of money collected under a special assessment under this act, of money received as bond proceeds from a bond issued under section 32, or of money from interest or penalties charged and collected on an unpaid special assessment under this act shall only be used for the following:
To pay for the improvement for which the special assessment is assessed.
To pay the principal and interest of bonds that are issued for the improvement for which the special assessment is assessed.
To pay the principal and interest of an advance from the authority that is used for the improvement for which the special assessment is assessed.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 125.2484
What does Michigan Compiled Laws § 125.2484 cover?
Section 125.2484 ("Use of money earned, received, or charged under certain conditions.") 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 § 125.2484?
A common citation format is "Michigan Compiled Laws § 125.2484" (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 § 125.2484 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.