Michigan § 141.374 - Local improvement revolving fund; repayment of advances.
Full text of Michigan Michigan Compiled Laws § 141.374 — Local improvement revolving fund; repayment of advances., with citation guidance and answers to common questions.
§ 141.374. Local improvement revolving fund; repayment of advances.
A local improvement revolving fund established pursuant to the provisions of this act shall be a separate depository account of the city or village. Any local improvement revolving fund shall be used only for the purpose of advancing the costs, either in whole or in part, of any local improvement. Moneys advanced from the fund shall be repaid from the sale of special assessment bonds as authorized by law or charter or collections of special assessments on property specially benefited by any local improvement, the cost of which was advanced in whole or in part from the fund.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 141.374
What does Michigan Compiled Laws § 141.374 cover?
Section 141.374 ("Local improvement revolving fund; repayment of advances.") 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 § 141.374?
A common citation format is "Michigan Compiled Laws § 141.374" (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 § 141.374 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.