Sec. 1. Unless prohibited by applicable federal law, the state treasurer shall allocate and reallocate any federal law bond limitation allocated, reallocated, or waived to the state of Michigan for any of the following in accordance with the federal law establishing the bond limitation: (a) Qualified school construction bonds. (b) Recovery zone economic development bonds. (c) Recovery zone facility bonds. (d) Qualified energy conservation bonds.
Mich. Comp. Laws § 125.1291
Allocation and reallocation of federal law bond limitation
2010, Act 153, Imd
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.