Michigan § 46.11b - Contract or agreement to purchase lands, property, or equipment; installment payments; limitations.
Full text of Michigan Michigan Compiled Laws § 46.11b — Contract or agreement to purchase lands, property, or equipment; installment payments; limitations., with citation guidance and answers to common questions.
§ 46.11b. Contract or agreement to purchase lands, property, or equipment; installment payments; limitations.
A county, by resolution of the county board of commissioners, may enter into a contract or agreement for the purchase of lands, property, or equipment to be used for public purposes and, except as provided in subsection (6), to be paid for in installments over a period of not more than 10 years, or the useful life of the property, whichever is less. A contract or agreement described in this section made before August 21, 1975, is validated and made legal.
The aggregate outstanding balance of purchases made by a county pursuant to this section, excluding interest, shall not exceed 1/2 of 1% of the equalized assessed value of real and personal property in the county at the date of the contract or agreement, except that a contract or lease entered into pursuant to Act No. 31 of the Public Acts of the First Extra Session of 1948, as amended, being sections 123.951 to 123.965 of the Michigan Compiled Laws, or a contract or lease entered into with a public corporation or municipality, shall not be included in a calculation of the aggregate outstanding balance.
The county board of commissioners shall include in its budget and pay the sum or sums necessary each year to meet the payments of the installments, including interest, when they become due and overdue installments.
This section shall not authorize the county board of commissioners to levy taxes in excess of statutory limitations without the approval of the electors.
The limitations imposed in this section shall not be applicable to a contract for purchase of land declared surplus by the United States government or any of its agencies.
The installments for a contract or agreement to purchase lands, property, or equipment may be for a period of not more than 15 years if all of the following conditions are satisfied:
The lands, property, or equipment is entirely within the county.
The lands, property, or equipment is purchased from a city which is entirely within the county.
The lands, property, or equipment is used for airport purposes.
The purchase is made after June 30, 1983, and before July 1, 1984.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 46.11b
What does Michigan Compiled Laws § 46.11b cover?
Section 46.11b ("Contract or agreement to purchase lands, property, or equipment; installment payments; limitations.") 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 § 46.11b?
A common citation format is "Michigan Compiled Laws § 46.11b" (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 § 46.11b 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.