There is a newer version of the Michigan Compiled Laws
2023
2022
2021
2020
2019
Other previous versions
View our newest version here

2012 Michigan Compiled Laws
Chapter 254 — BRIDGES
Act 13 of 1966 — REFUNDING BONDS OF MACKINAC BRIDGE AUTHORITY; TRANSFER OF AUTHORITY TO STATE HIGHWAY DEPARTMENT (254.361 - 254.372)
Section 254.364 — Refunding bonds; negotiability and tax exemption.


MI Comp L § 254.364 (2012 through Reg Sess) What's This?

REFUNDING BONDS OF MACKINAC BRIDGE AUTHORITY; TRANSFER OF AUTHORITY TO STATE HIGHWAY DEPARTMENT (EXCERPT)
Act 13 of 1966

254.364 Refunding bonds; negotiability and tax exemption.

Sec. 4.

Refunding bonds issued under this act shall be deemed to be negotiable instruments under the laws of the state, and the principal of and interest on the bonds is not subject to taxation by the state or any taxing authority therein.


History: 1966, Act 13, Imd. Eff. Apr. 6, 1966


Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.