Michigan Compiled Laws § 35.1004 Powers Of Administrative Board And Legislature.

35.1004 Powers of administrative board and legislature.

Sec. 4.

The state administrative board shall provide by resolution, from time to time, for the issuance and sale of serial notes or serial bonds at the lowest possible cost and the legislature is authorized to provide for the amounts and method of and eligibility for payment of the sums herein directed.

History: 1974, Act 106, Eff. Nov. 5, 1974

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Last modified: October 10, 2016