Michigan Compiled Laws 451-1994-iii-4-1-administration- Part 713 Recreation Bond Authorization (324.71301...324.71307)

• Section 324.71301 Bonds; Authorization; Limitation; Purpose.
  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...
• Section 324.71302 Bonds; Conditions, Methods, And Procedures.
  Bonds shall be issued in accordance with conditions, methods, and procedures established by law. History: Add. 1995, Act 58, Imd. Eff. May 24, 1995...
• Section 324.71303 Bonds; Disposition Of Proceeds And Interest.
  The proceeds of the sale of the bonds or any series of the bonds, any premium and accrued interest received on the delivery of...
• Section 324.71304 Submission Of Question To Electors.
  The question of borrowing a sum not to exceed $140,000,000.00 and the issuance of the general obligation bonds of the state for the purposes...
• Section 324.71305 Duties Of Secretary Of State.
  The secretary of state shall perform all acts necessary to properly submit the question prescribed by section 71304 to the electors of this state...
• Section 324.71306 Appropriation; Purpose; Executive Budget Recommendations.
  (1) After the issuance of the bonds authorized by this part, there shall be appropriated from the general fund of the state each fiscal...
• Section 324.71307 Majority Vote Of Electors Required.
  Bonds shall not be issued unless the question set forth in section 71304 is approved by a majority vote of the qualified electors voting...

Last modified: October 10, 2016