Mich. Comp. Laws § 141.1411

Current through Public Act 171 of the 2024 Legislative Session
Section 141.1411 - Payment of costs from certain revenues

The payment of principal, interest, and other costs including engineering, financial, and issuance costs, associated with bonds issued by the authority may be made by the authority from any of the following revenues:

(a) Federal grants, loans, appropriations, payments, or contributions.
(b) The proceeds from the sale, exchange, mortgage, lease, or other disposition of property that the authority has acquired.
(c) Grants, loans, appropriations, payments, proceeds from repayments of loans made by the authority, or contributions from public or private sources.
(d) Money in the fund including rents, admission fees, or other charges for use of the convention facility.
(e) Investment earnings on the revenues described in subdivisions (a) to (d).

MCL 141.1411

1999, Act 203, Imd. Eff. 12/21/1999 .