Nature of bonds

Act 11 of 1992, § 504, under TUITION ACCOUNT PROGRAMS AND COLLEGE SAVINGS BOND ACT.

Act 11 of 1992, § 504

Section 504. Nature of bonds.

Bonds to be issued and sold as college savings bonds shall be designated by the issuing officials as college savings bonds in the proceedings authorizing the issuance of such bonds. College savings bonds may be sold at such prices and in such manner as may be determined by the issuing officials.