41.350q Withholding and paying lender constitutionally allocated money. Sec. 20q. An ordinance pledging sales tax money pursuant to section 20p may provide that the official charged with disbursement of sales tax money returnable to the township pursuant to sections 8 and 10 of article IX of the state constitution of 1963 shall withhold and pay to the lending person, firm, corporation, bank, or trust company such of the constitutionally allocated money of the township as may be necessary to fulfill the pledge. History: Add. 1989, Act 83, Imd. Eff. June 20, 1989
Michigan Legal Code