Michigan Compiled Laws

Mich. Comp. Laws § 141.2101 (2026)

Short title.

✓ current as of July 2026

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REVISED MUNICIPAL FINANCE ACT

Act 34 of 2001

141.2101 Short title.

Sec. 101.

This act shall be known and may be cited as the "revised municipal finance act".

History: 2001, Act 34, Eff. Mar. 1, 2002

Notes of Decisions

Cited in 3 cases (1 in the last 5 years), 2002–2026 · leading case: In re City of Detroit, 524 B.R. 147 (Bankr. E.D. Mich. 2014).

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In re City of Detroit, 524 B.R. 147 (Bankr. E.D. Mich. 2014). · cites it 3× “Mich. Comp. Laws § 141.2101 et seq. Unlike UTGO Bonds, LTGO Bonds are subject to applicable charter, statutory or constitutional rate limitations.”

Wayne Cnty. Bd. of Commissioners v. Wayne Cnty. Airport Auth., 658 N.W.2d 804 (Mich. Ct. App. 2002). “Section 123 provides that “[t]he authority may borrow money and issue municipal securities in accordance with an exercise of all of the powers conferred upon municipalities by the revised municipal finance act, 2001 PA 34 , MCL 141.2101 to 141.2821.” Section 124 states: “All…”

Detroit Pub. Schs. Cmty. Dist. v. Dept of Treasury (Mich. Ct. App. 2026). “12b incorporates the definition of “debt” in the Revised Municipal Finance Act, MCL 141.2101 et seq. MCL 380.12b(15)(a). The Revised Municipal Finance Act broadly defines “debt” to include, among other things, all borrowed money, loans, and other indebtedness evidenced by bonds:…”

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