Michigan Statutes
§ 141.127 — Issuance of bonds by public corporation; applicable laws.
THE REVENUE BOND ACT OF 1933 (EXCERPT) Act 94 of 1933 141.127 Issuance of bonds by public corporation; applicable laws. Sec. 27. A public corporation issuing bonds under this act is subject to all of the following:
(a)If the public corporation issuing the bonds meets the requirements of qualified status under section 303(3) of the revised municipal finance act, 2001 PA 34, MCL 141.2303, the public corporation complies with section 319(1) of the revised municipal finance act, 2001 PA 34, MCL 141.2319.
(b)If the public corporation issuing the bonds does not meet the requirements of qualified status under section 303(3) of the revised municipal finance act, 2001 PA 34, MCL 141.2303, the public corporation meets the requirements of section 303(7) and (8) and section 319(2) of the revised mun
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Legislative History
1933, Act 94, Imd. Eff. May 26, 1933 ;-- Am. 1946, 1st Ex. Sess., Act 23, Eff. June 7, 1946 ;-- CL 1948, 141.127 ;-- Am. 1983, Act 76, Imd. Eff. June 6, 1983 ;-- Am. 1985, Act 26, Imd. Eff. May 31, 1985 ;-- Am. 2002, Act 465 , Imd. Eff. June 21, 2002
Nearby Sections
15
§ 141.1001
Short title.§ 141.1005
Bonds or obligations; amounts included.§ 141.1010
Action to enforce compliance with act.§ 141.1011
Conditional effective date.§ 141.102
Construction of act.§ 141.103
Definitions.