Section 124.479 Duration of Financial Obligation.

MI Comp L § 124.479 (2019) (N/A)
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Sec. 29.

Notwithstanding any other provision of this act, a political subdivision may obligate itself financially for a period over 5 years from the date the obligation is undertaken only if approved by majority vote of the electorate of the political subdivision.

History: 1986, Act 196, Imd. Eff. July 10, 1986