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2017 Michigan Compiled Laws
Chapter 324 - Natural Resources and Environmental Protection
Act 284 of 1998 CLEAN MICHIGAN INITIATIVE ACT (324.95101 - 324.95108)
Section 324.95102 Bonds; limitation on amount; issuance; full faith and credit; purpose.
Universal Citation: MI Comp L § 324.95102 (2017)
324.95102 Bonds; limitation on amount; issuance; full faith and credit; purpose.
Sec. 2.
The state shall borrow a sum not to exceed $675,000,000.00 and issue the general obligation bonds of this state, pledging the full faith and credit of the state for the payment of principal and interest on the bonds, to finance environmental and natural resources protection programs that would clean up and redevelop contaminated sites, protect and improve water quality, prevent pollution, abate lead contamination, reclaim and revitalize community waterfronts, enhance recreational opportunities, and clean up contaminated sediments in lakes, rivers, and streams.
History: 1998, Act 284, Imd. Eff. July 27, 1998
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