Michigan Compiled Laws § 324.71301 Bonds; Authorization; Limitation; Purpose.


324.71301 Bonds; authorization; limitation; purpose.

Sec. 71301.

The state shall borrow a sum not to exceed $140,000,000.00 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 state and local public recreation projects.


History: Add. 1995, Act 58, Imd. Eff. May 24, 1995
Popular Name: Act 451
Popular Name: NREPA


Section: 324.71301  324.71302  324.71303  324.71304  324.71305  324.71306  324.71307    Next

Last modified: October 10, 2016