There is a newer version of the Michigan Compiled Laws
2010 Michigan Compiled Laws
Chapter 12 - STATE TREASURER
Act 496 of 1988 - UNIFIED VOLUME LIMITATION ALLOCATION ACT (12.111 - 12.124)
UNIFIED VOLUME LIMITATION ALLOCATION ACTAct 496 of 1988
AN ACT to provide for the allotment and allocation of the state's unified volume limitation; and to repeal certain acts and parts of acts.
History: 1988, Act 496, Eff. Mar. 30, 1989
- Section 12.111 - Short title.
- Section 12.112 - Definitions.
- Section 12.113 - Unified volume limitation and allotment thereof; determination; publication.
- Section 12.114 - Allotments to state and municipal issuers for allocation; reallotment; division of allotment into installments; increase in monthly installments; reserving portion of monthly allotment; pro rata reductions in monthly installments.
- Section 12.115 - Request for allocation; attachment; notice of sale; certification of preliminary proceedings.
- Section 12.116 - Requests for allocations; order of consideration; approval or denial; reason for denial; steps to maintain orderly application and allocation process; instances in which request may be denied; when request considered filed or received; issuer seeking allocation not in excess of unallocated unified volume limitation.
- Section 12.117 - Allocation order; requirements; reversion; allocation not transferable between issuers; use of allocation; validity of order; request for extension.
- Section 12.118 - Invalidation of request or allocation; notice of changed information; new request for allocation; issuance of bonds before receiving allocation or approval for amendment to allocation; cancellation of prior allocation by approval of new request.
- Section 12.119 - Notice of delivery of issue of bonds; filing; contents; failure to file; revocation and invalidation of allocation; waiver of revocation.
- Section 12.120 - Order for carryforward allocation; request for carryforward allocation; form; amount; priorities; election.
- Section 12.121 - Records.
- Section 12.122 - State or municipal issuer not authorized to issue bonds.
- Section 12.123 - Allocations to which act applicable; ratification of allocation; revocation of allocation; formula for allocating state ceiling.
- Section 12.124 - Repeal of MCL 125.1432c.
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