Michigan § 830.419a Moneys of building authority; contract with bondholders; security for deposits.

Michigan Statutes

§ 830.419a — Moneys of building authority; contract with bondholders; security for deposits.

Michigan § 830.419a

Ch. 830STATE BUILDING PROGRAMS

Act 183 of 1964STATE BUILDING AUTHORITY (830.411-830.425)

This text of Michigan § 830.419a (Moneys of building authority; contract with bondholders; security for deposits.) 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 § 830.419a (2026).

Text

STATE BUILDING AUTHORITY (EXCERPT) Act 183 of 1964 830.419a Moneys of building authority; contract with bondholders; security for deposits. Sec. 9a. The building authority may contract with the holders of its bonds as to the custody, collection, securing, investment, and payment of any moneys of the building authority. Moneys of the building authority and deposits of such moneys may be secured in the manner determined by the building authority. Banks and trust companies may give security for such deposits.

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STATE BUILDING AUTHORITY (EXCERPT) Act 183 of 1964 830.419a Moneys of building authority; contract with bondholders; security for deposits. Sec. 9a. The building authority may contract with the holders of its bonds as to the custody, collection, securing, investment, and payment of any moneys of the building authority. Moneys of the building authority and deposits of such moneys may be secured in the manner determined by the building authority. Banks and trust companies may give security for such deposits.

Legislative History

Add. 1976, Act 240, Eff. Mar. 31, 1977 Compiler's Notes: For transfer of state building authority from department of technology, management, and budget to department of treasury, see E.R.O. No. 2013-3, compiled at MCL 125.1393.