Sec. 19. The authority may purchase bonds or notes of the authority out of funds or money of the authority available for that purpose. The authority may hold, cancel, or resell authority bonds or notes subject to or in accordance with an agreement with holders of authority bonds or notes.
Mich. Comp. Laws § 141.1069
Purchasing, holding, canceling, or reselling bonds or notes of authority
1985, Act 227, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.