Michigan Compiled Laws Act 259 Of 1982 Payment Of Full Faith And Credit Obligations (12.61 - 12.64)

AN ACT to provide for the payment of the principal of and interest on full faith and credit obligations of this state; to prescribe duties of the state treasurer with respect thereto; and to provide for the enforcement of such duties.

History: 1982, Act 259, Imd. Eff. Sept. 30, 1982

Section 12.61 Purpose Of Act; “obligations” Defined.
The purpose of this act is to provide for the payment of the principal of and interest on obligations of this state issued pursuant...
Section 12.62 Payment Of Principal And Interest On Obligations Of State; Duties Of State Treasurer.
It shall be the duty of the state treasurer to pay or cause to be paid the principal of and interest on all obligations...
Section 12.63 Enforcing Duties Of State Treasurer By Action To Require Performance.
In addition to any other remedies provided by law to the holder of any obligation, the duties of the state treasurer under this act...
Section 12.64 Act As Contract With Holders Of Obligations.
This act shall be deemed a contract with the holders from time to time of obligations of this state. History: 1982, Act 259, Imd....

Last modified: October 10, 2016