125.2044 Utilization of money; purposes. Sec. 44. Subject to the limitations provided by this chapter, the fund may utilize money held in the local government assistance account for 1 or more of the following purposes: (a) To make loans to a municipality. (b) To establish a reserve fund to insure or guarantee borrowings of a municipality. History: 1984, Act 270, Eff. Mar. 29, 1985 Popular Name: Strategic Fund
Michigan Legal Code