Michigan § 141.2319 - Document to be filed by municipality; failure to comply with subsection (1) or (2).
Full text of Michigan Michigan Compiled Laws § 141.2319 — Document to be filed by municipality; failure to comply with subsection (1) or (2)., with citation guidance and answers to common questions.
§ 141.2319. Document to be filed by municipality; failure to comply with subsection (1) or (2).
Within 15 business days of completing the issuance of any municipal security qualified under section 303(3), the municipality shall file a copy of all of the following with the department in a form and manner prescribed by the department:
A copy of the municipal security.
A proof of publication of the notice of sale, if applicable.
A copy of the award resolution or certificate of award including a detail of the annual interest rate and call features on the municipal security.
A copy of the legal opinion regarding the legality and tax status of the municipal security.
A copy of the notice of rating of the municipal security received from a recognized rating agency, if any.
A copy of the resolution or ordinance authorizing the issuance of the municipal security.
A copy of the official statement, if any.
For a refunding security, documentation indicating compliance with section 611.
A filing fee equaling 0.02% of the principal amount of the municipal security issued, but in an amount not less than $100.00 and not greater than $1,000.00, as determined by the department.
If the qualifying statement required by section 303(2) was received by the department more than 6 months after the end of the municipality's fiscal year, a late fee of $100.00 with the first filing thereafter.
For a municipal security issued under section 305(2), documentation indicating compliance with section 305(2).
Within 15 business days of completing the issuance of any municipal security approved under section 303(7), the municipality shall file all of the following with the department in a form and manner prescribed by the department:
A copy of the municipal security.
A proof of publication of the notice of sale, if applicable.
A copy of the award resolution including a detail of the annual interest rate and call features on the municipal security.
A copy of the legal opinion regarding the legality and tax status of the municipal security.
A copy of the notice of rating of the municipal security received from a recognized rating agency, if any.
A copy of the resolution or ordinance authorizing the issuance of the municipal security.
A copy of the official statement, if any.
For a refunding security, documentation indicating compliance with section 611.
For a municipal security issued under section 305(2), documentation indicating compliance with section 305(2).
The failure to comply with subsection (1) or (2) does not invalidate any of the securities issued or reported under this act.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 141.2319
What does Michigan Compiled Laws § 141.2319 cover?
Section 141.2319 ("Document to be filed by municipality; failure to comply with subsection (1) or (2).") 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 § 141.2319?
A common citation format is "Michigan Compiled Laws § 141.2319" (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 § 141.2319 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.