There is a newer version of the Michigan Compiled Laws
2014 Michigan Compiled Laws
Chapter 17 - STATE ADMINISTRATIVE BOARD
Act 266 of 1967 STATE INDEBTEDNESS (17.451 - 17.455)
- 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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