There is a newer version of the Michigan Compiled Laws
2012 Michigan Compiled Laws
Chapter 141 — MUNICIPAL FINANCING
Act 227 of 1985 — SHARED CREDIT RATING ACT (141.1051 - 141.1078)***** 141.1057.amended THIS AMENDED SECTION IS EFFECTIVE MARCH 28, 2013 ***** ***** 141.1057 THIS SECTION IS AMENDED EFFECTIVE MARCH 28, 2013: See 141.1057.amended *****
Section 141.1069 — Purchasing, holding, canceling, or reselling bonds or notes of authority.
MI Comp L § 141.1069 (2012 through Reg Sess) What's This?
SHARED CREDIT RATING ACT (EXCERPT)
Act 227 of 1985
141.1069 Purchasing, holding, canceling, or reselling bonds or notes of authority.
Sec. 19.
The authority may purchase bonds or notes of the authority out of funds or money of the authority available for that purpose. The authority may hold, cancel, or resell authority bonds or notes subject to or in accordance with an agreement with holders of authority bonds or notes.
History: 1985, Act 227, Eff. Mar. 31, 1986
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