There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - Act 266 of 1967
AN ACT to authorize and provide for the issuance of notes of the state, including refunding notes and commercial paper; to provide funds to meet obligations incurred pursuant to appropriations for fiscal years; to provide for the payment of such notes from revenues received during the same fiscal years; and to exempt certain notes and interest on those notes from taxation.
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Document | Description |
Section 17.451 | Borrowing money and issuing notes in anticipation of undedicated revenues; purpose. |
Section 17.452 | Aggregate principal amount of outstanding notes; limitation; repayment of indebtedness; pledge and deposit of undedicated revenues; validity of pledge; transactions to provide security; costs and fees; authorization of state treasurer to do certain acts; revenues, proceeds, and earnings from which principal and interest payable. |
Section 17.453 | Payment of notes; interest; discount; execution and sale of notes and coupons; authentication; commercial paper dealer agreements; signature of former state treasurer. |
Section 17.454 | Use of proceeds of loan restricted; revised municipal finance act inapplicable; issuance of bonds and notes subject to agency financing reporting act. |
Section 17.455 | Notes and interest exempt from taxation. |
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