30 chapters · 3,111 sections in this title.
Mich. Comp. Laws § 324.19301 Bonds; authorization; limitation; purpose.
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Sec. 19301. The state shall borrow a sum not to exceed $660,000,000.00 and issue the general obligation bonds of this state, pledging the full faith and credit of the state for the payment of principal and interest on the bonds, to finance environmental protection programs that w…
Mich. Comp. Laws § 324.19302 Conditions, methods, and procedures.
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Sec. 19302. Bonds shall be issued in accordance with conditions, methods, and procedures to be established by law.
Mich. Comp. Laws § 324.19303 Disposition of proceeds and interest.
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Sec. 19303. The proceeds of the sale of the bonds or any series of the bonds, any premium and accrued interest received on the delivery of the bonds, and any interest earned on the proceeds of the bonds shall be deposited in the state treasury and credited to the environmental pr…
Mich. Comp. Laws § 324.19304 Submission of question to electors.
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Sec. 19304. The question of borrowing a sum not to exceed $660,000,000.00 and the issuance of the general obligation bonds of the state for the purposes set forth in this part shall be submitted to a vote of the electors of the state qualified to vote on the question in accordanc…