Michigan Compiled Laws § 484.3215 Notes Or Bonds; Power Of Authority To Purchase.

484.3215 Notes or bonds; power of authority to purchase.

Sec. 15.

Subject to any agreements with noteholders or bondholders, the authority has the power to use any funds available to purchase notes or bonds of the authority at a price determined by the authority.

History: 2002, Act 49, Imd. Eff. Mar. 14, 2002

Compiler's Notes: For transfer of powers and duties of Michigan broadband development authority from department of treasury to department of labor and economic growth by Type I transfer, see E.R.O. No. 2003-1, compiled at MCL 445.2011.

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Last modified: October 10, 2016