2006 Michigan Compiled Laws - Mich. Comp. Laws § 17.451 Borrowing money and issuing notes in anticipation of undedicated revenues; purpose.
|
Act 266 of 1967 17.451 Borrowing money and issuing notes in anticipation of undedicated revenues; purpose. Sec. 1. The state administrative board is authorized to borrow money and refund that borrowing, in whole or in part, when necessary, from time to time, on the full faith and credit of the state and issue notes, including refunding notes and commercial paper, of the state in anticipation of the receipt of undedicated revenues in the same fiscal year when in its judgment such money is needed to meet obligations incurred pursuant to appropriations in that fiscal year.
|
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.
