2006 Michigan Compiled Laws - Act 259 of 1982


PAYMENT OF FULL FAITH AND CREDIT OBLIGATIONS

Act 259 of 1982

AN ACT to provide for the payment of the principal of and interest on full faith and credit obligations of this state; to prescribe duties of the state treasurer with respect thereto; and to provide for the enforcement of such duties.


History: 1982, Act 259, Imd. Eff. Sept. 30, 1982




The People of the State of Michigan enact:

DocumentDescription
Section 12.61Purpose of act; "obligations" defined.
Section 12.62Payment of principal and interest on obligations of state; duties of state treasurer.
Section 12.63Enforcing duties of state treasurer by action to require performance.
Section 12.64Act as contract with holders of obligations.

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