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16 chapters · 238 sections in this title.
Mich. Comp. Laws § 484.3219 Disposition of money held by authority.
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Sec. 19. (1) Money of the authority shall be held by the authority and deposited in a financial institution approved by the state treasurer, which financial institution may give security for the deposits. (2) The authority may, subject to the approval of the state treasurer, cont…
Mich. Comp. Laws § 484.3220 Notes and bonds as securities; investment.
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Sec. 20. The notes and bonds of the authority are securities in which public officers and bodies of this state and municipalities and municipal subdivisions, insurance companies and associations and other persons carrying on an insurance business, banks, trust companies, savings …
Mich. Comp. Laws § 484.3221 Full faith and credit bonds; issuance; vote.
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Sec. 21. The authority, at its discretion, may recommend an issuance of full faith and credit bonds to the legislature for a vote of the people.
Mich. Comp. Laws § 484.3222 Notes and bonds; exemption from tax.
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Sec. 22. This state covenants with the purchasers and all subsequent holders and transferees of notes and bonds issued by the authority, in consideration of the acceptance of and payment for the notes and bonds, that the notes and bonds of the authority, issued under this act and…