Michigan § 38.703 - Approval of plan by legislative body; commencement.
Full text of Michigan Michigan Compiled Laws § 38.703 — Approval of plan by legislative body; commencement. , with citation guidance and answers to common questions.
§ 38.703. Approval of plan by legislative body; commencement.
Upon the submission by said library board of a plan for a system of retiring allowances, the local legislative body shall take the same under consideration and shall then, in conference with said library board agree upon the details of said plan and if said plan so agreed upon differs from the one submitted, it shall, before adoption, be submitted to an actuary for report upon its financial and actuarial soundness and, if certified to be sound, may then be adopted. The plan shall then be put into operation at the beginning of the next fiscal year, unless an earlier date is agreed upon.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 38.703
What does Michigan Compiled Laws § 38.703 cover?
Section 38.703 ("Approval of plan by legislative body; commencement. ") 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 § 38.703?
A common citation format is "Michigan Compiled Laws § 38.703" (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 § 38.703 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.