Section 124.479 - Duration of financial obligation.
PUBLIC TRANSPORTATION AUTHORITY ACT (EXCERPT)
Act 196 of 1986
124.479 Duration of financial obligation.
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