Michigan § 207.1161 Outstanding bonds issued by Mackinac bridge authority; payment of principal, interest, and costs.

Michigan Statutes

§ 207.1161 — Outstanding bonds issued by Mackinac bridge authority; payment of principal, interest, and costs.

Michigan § 207.1161

Ch. 207TAXATION

Act 403 of 2000MOTOR FUEL TAX ACT (207.1001-207.1170)

This text of Michigan § 207.1161 (Outstanding bonds issued by Mackinac bridge authority; payment of principal, interest, and costs.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 207.1161 (2026).

Text

MOTOR FUEL TAX ACT (EXCERPT) Act 403 of 2000 207.1161 Outstanding bonds issued by Mackinac bridge authority; payment of principal, interest, and costs. Sec.

161.In January of each year, there is appropriated from the proceeds of the tax levied by this act up to $3,500,000.00, that shall be used to pay the principal, interest, and incidental costs for the outstanding bonds, previously issued by the Mackinac bridge authority. The unexpended amount shall lapse to the Michigan transportation fund at the end of each fiscal year. Upon retirement of all outstanding bonds and any refunding bonds hereafter issued, this appropriation shall cease.

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MOTOR FUEL TAX ACT (EXCERPT) Act 403 of 2000 207.1161 Outstanding bonds issued by Mackinac bridge authority; payment of principal, interest, and costs. Sec. 161. In January of each year, there is appropriated from the proceeds of the tax levied by this act up to $3,500,000.00, that shall be used to pay the principal, interest, and incidental costs for the outstanding bonds, previously issued by the Mackinac bridge authority. The unexpended amount shall lapse to the Michigan transportation fund at the end of each fiscal year. Upon retirement of all outstanding bonds and any refunding bonds hereafter issued, this appropriation shall cease.