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STATE INDEBTEDNESS

  • Mich. Comp. Laws § 17.451— Borrowing money and issuing notes in anticipation of undedicated revenues; purpose
  • Mich. Comp. Laws § 17.452— Aggregate principal amount of outstanding notes; limitation; repayment of indebtedness; pledge and deposit of undedicated revenues; validity of pledge; transactions to provide security; costs and fees; authorization of state treasurer to do certain acts; revenues, proceeds, and earnings from which principal and interest payable
  • Mich. Comp. Laws § 17.453— Payment of notes; interest; discount; execution and sale of notes and coupons; authentication; commercial paper dealer agreements; signature of former state treasurer
  • Mich. Comp. Laws § 17.454— Use of proceeds of loan restricted; revised municipal finance act inapplicable; issuance of bonds and notes subject to agency financing reporting act
  • Mich. Comp. Laws § 17.455— Notes and interest exempt from taxation