Michigan § 41.735a - Township improvement revolving fund; advances; interest.
Full text of Michigan Michigan Compiled Laws § 41.735a — Township improvement revolving fund; advances; interest., with citation guidance and answers to common questions.
§ 41.735a. Township improvement revolving fund; advances; interest.
As an alternate method of defraying the cost of an improvement made under this act, after the special assessment roll for the improvement is confirmed, the township board may pay the cost of the improvement from the township improvement revolving fund. The amount advanced shall not exceed the amount the board anticipates will be collected by the special assessments. The amount advanced by the township shall bear interest at a rate not exceeding 5% per annum.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 41.735a
What does Michigan Compiled Laws § 41.735a cover?
Section 41.735a ("Township improvement revolving fund; advances; interest.") 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 § 41.735a?
A common citation format is "Michigan Compiled Laws § 41.735a" (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 § 41.735a 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.