Sec. 24. The state transportation commission may issue refunding bonds or advance refunding bonds for the purpose of refunding notes or bonds issued under this act before the effective date of this section. Those refunding bonds or advance refunding bonds shall be issued in accordance with section 18b.
Mich. Comp. Laws § 247.674
Refunding bonds or advance refunding bonds
Applied in 1 court decision — leading case Oshtemo Charter Township v. Kalamazoo County Road Commission (2010)
Most recently applied in Oshtemo Charter Township v. Kalamazoo County Road Commission (April 2010)
Add. 1978, Act 444, Imd
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.