SB1081 — Drains: financing; interest charged for drain projects; limit. Amends sec. 278 of 1956 PA 40 (MCL 280.278).

SB1081 — Drains: financing; interest charged for drain projects; limit. Amends sec. 278 of 1956 PA 40 (MCL 280.278). · Informed CitizenryThis bill amends the Drain Code of 1956 regarding the interest rates and handling of bonds or notes issued by a drain commissioner. It specifies that drain tax installments must bear interest at a…Open in Informed Citizenry