Michigan Compiled Laws Act 153 Of 2010 Federal Bond Limitations (125.1291 - 125.1295)

AN ACT to provide for the procedure for allocation, reallocation, and waiver of federal bond limitations under certain bond programs; and to prescribe certain powers and duties of certain state agencies and public officers.

History: 2010, Act 153, Imd. Eff. Aug. 23, 2010

Section 125.1291 Allocation And Reallocation Of Federal Law Bond Limitation.
Unless prohibited by applicable federal law, the state treasurer shall allocate and reallocate any federal law bond limitation allocated, reallocated, or waived to the...
Section 125.1292 Consideration Of Bond Limitation As Deemed Waiver; Extension Of Final Deadline For Issuing Bonds; Reallocation.
(1) Except as otherwise provided in this section, unless prohibited by applicable federal law, the state treasurer may provide for the waiver, deemed waiver,...
Section 125.1293 Priority To Certain Projects.
In determining any allocation or reallocation under this act, the state treasurer shall, to the extent practicable, give priority to projects within a region...
Section 125.1294 Ratification And Confirmation Of Certain Bond Limitations Made Prior To Effective Date Of Act.
Any allocation or reallocation of bond limitation for qualified school construction bonds, recovery zone economic development bonds, recovery zone facility bonds, or qualified energy...
Section 125.1295 "Municipality Or Other Entity" Defined.
As used in this act, "municipality or other entity" means a county, city, school district, or other entity that has received a federal bond...

Last modified: October 10, 2016