There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - Act 295 of 1969
| AN ACT to establish the Michigan higher education facilities authority; to prescribe its powers and duties; to authorize the authority to borrow money and issue bonds for educational facilities; to exempt the bonds from taxation; and to authorize the authority to lend money to nonprofit educational institutions in this state to finance or refinance capital improvements.
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| Document | Description |
| Section 390.921 | Higher education facilities authority act; short title. |
| Section 390.921a | Legislative determination. |
| Section 390.922 | Definitions. |
| Section 390.923 | Michigan higher education facilities authority; creation; nature; members; exercise of powers, duties, and functions. |
| Section 390.924 | Powers of authority. |
| Section 390.925 | Loans to educational institutions for acquisition, construction, or alteration of educational facilities; conditions. |
| Section 390.925a | Loans to educational institutions for refunding of certain outstanding obligations; conditions. |
| Section 390.926 | Bonds. |
| Section 390.927 | Pledge to bondholders. |
| Section 390.928 | Bonds as investment. |
| Section 390.929 | Payment and deposit of money; contract; security; examination of books and accounts. |
| Section 390.930 | Tax exemption. |
| Section 390.931 | Bonds; negotiability; tax exemption. |
| Section 390.932 | Trustee; appointment; powers and duties. |
| Section 390.933 | Nondiscrimination covenant. |
| Section 390.934 | Personal liability as to notes or bonds. |
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.
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