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66 chapters · 621 sections in this title.
Mich. Comp. Laws § 141.1051 Legislative findings and declarations.
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Sec. 1. The legislature finds and declares the following: (a) It is in the public interest and it is the policy of the state to foster and promote borrowing of money by governmental units within the state for financing public improvements, for financing community water supplies a…
Mich. Comp. Laws § 141.1052 Short title.
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Sec. 2. This act shall be known and may be cited as the "Shared credit rating act."
Mich. Comp. Laws § 141.1053 Definitions.
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Sec. 3. As used in this act: (a) "Authority" means the Michigan finance authority created by Executive Reorganization Order No. 2010-2, MCL 12.194. (b) "Board" means the board of directors of the authority. (c) "Bonds" means bonds of the authority issued under this act with a mat…
Mich. Comp. Laws § 141.1054 Michigan municipal bond authority; created; powers; funds.
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Sec. 4. The Michigan municipal bond authority is created as a body corporate, separate and distinct from the state. The authority may sue and be sued, plead and be impleaded, contract and be contracted with, have a corporate seal, and enjoy and carry out all powers granted it in …