Michigan § 141.17 - Tax levy; bond sale proceeds, interest, deposit.
Full text of Michigan Michigan Compiled Laws § 141.17 — Tax levy; bond sale proceeds, interest, deposit. , with citation guidance and answers to common questions.
§ 141.17. Tax levy; bond sale proceeds, interest, deposit.
The board of supervisors shall in each year levy and collect a tax for the benefit of the sinking fund. Whenever any bonds of the county shall be sold for more than par value all of the premium or amount received on such sale more than the par face value of the bonds sold, not including interest accrued upon said bonds that may be paid by the purchaser, shall be credited and belong to the sinking fund. All of the interest paid to the county on the securities held by the county shall belong to and be placed in the sinking fund.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 141.17
What does Michigan Compiled Laws § 141.17 cover?
Section 141.17 ("Tax levy; bond sale proceeds, interest, deposit. ") 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 § 141.17?
A common citation format is "Michigan Compiled Laws § 141.17" (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 § 141.17 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.