2017 Michigan Compiled Laws
Chapter 324 - Natural Resources and Environmental Protection
Act 396 of 2002 GREAT LAKES WATER QUALITY BOND AUTHORIZATION ACT (324.95201 - 324.95208)
Section 324.95205 Submission of question to electors; vote required.
Sec. 5.
The question of borrowing a sum not to exceed $1,000,000,000.00 and the issuance of the general obligation bonds of the state for the purposes set forth in this act shall be submitted to a vote of the electors of the state qualified to vote on the question in accordance with section 15 of article IX of the state constitution of 1963 at the next general election. The question submitted to the electors shall be substantially as follows:
“Shall the state of Michigan finance sewage treatment works projects, storm water projects, and nonpoint source projects, that improve the quality of the waters of the state, by borrowing a sum not to exceed $1,000,000,000.00 and issuing general obligation bonds of the state, pledging the full faith and credit of the state for the payment of principal and interest on the bonds, the method of repayment of the bonds to be from the general fund of the state?
Yes ........
No. ........”.
History: 2002, Act 396, Imd. Eff. May 30, 2002