There is a newer version of the Michigan Compiled Laws
2010 Michigan Compiled Laws
Chapter 390 - UNIVERSITIES AND COLLEGES
Act 295 of 1969 - HIGHER EDUCATION FACILITIES AUTHORITY ACT (390.921 - 390.934)
Section 390.931 - Bonds; negotiability; tax exemption.
HIGHER EDUCATION FACILITIES AUTHORITY ACT (EXCERPT)Act 295 of 1969
390.931 Bonds; negotiability; tax exemption.
Sec. 11.
Bonds issued under this act shall be fully negotiable under the uniform commercial code, 1962 PA 174, MCL 440.1101 to 440.11102, and the bonds and the interest thereon are exempt from all taxation by this state or any of its political subdivisions.
History: 1969, Act 295, Imd. Eff. Aug. 11, 1969
;--
Am. 2000, Act 356, Eff. Mar. 28, 2001
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
