Section 12.119 – Notice of Delivery of Issue of Bonds; Filing; Contents; Failure to File; Revocation and Invalidation of Allocation; Waiver of Revocation.
12.119 Notice of delivery of issue of bonds; filing; contents; failure to file; revocation and invalidation of allocation; waiver of revocation. Sec. 9. (1) Within 10 calendar days after the expiration date of an allocation approval order, including any extension, but not later than December 26 for allocations that expire before December 22, the issuer […]
Section 12.52 – Relief of State Treasurer From Liability.
12.52 Relief of state treasurer from liability. Sec. 2. In carrying out the duties imposed under section 1, the state treasurer shall be relieved from all legal liabilities which might attach to his actions. History: 1967, Act 55, Imd. Eff. June 16, 1967
Section 12.120 – Order for Carryforward Allocation; Request for Carryforward Allocation; Form; Amount; Priorities; Election.
12.120 Order for carryforward allocation; request for carryforward allocation; form; amount; priorities; election. Sec. 10. (1) In addition to an allocation under section 6, during the months of October, November, and December of each year, an issuer may request, or the treasurer may order without request, an order providing for a carryforward allocation for a […]
Section 12.53 – Repeals.
12.53 Repeals. Sec. 3. Act No. 46 of the Public Acts of 1962, being sections 12.81 to 12.83 of the Compiled Laws of 1948, is repealed. History: 1967, Act 55, Imd. Eff. June 16, 1967
Section 12.61 – Purpose of Act; “Obligations” Defined.
12.61 Purpose of act; “obligations” defined. Sec. 1. The purpose of this act is to provide for the payment of the principal of and interest on obligations of this state issued pursuant to section 14, 15, or 16 of article 9 of the state constitution of 1963, which are full faith and credit obligations of […]
Section 12.62 – Payment of Principal and Interest on Obligations of State; Duties of State Treasurer.
12.62 Payment of principal and interest on obligations of state; duties of state treasurer. Sec. 2. It shall be the duty of the state treasurer to pay or cause to be paid the principal of and interest on all obligations of this state as the same become due from any money or revenue pledged therefor […]
Section 12.63 – Enforcing Duties of State Treasurer by Action to Require Performance.
12.63 Enforcing duties of state treasurer by action to require performance. Sec. 3. In addition to any other remedies provided by law to the holder of any obligation, the duties of the state treasurer under this act may be enforced by the holder of the evidence of any obligation by an action to require performance […]
Section 12.64 – Act as Contract With Holders of Obligations.
12.64 Act as contract with holders of obligations. Sec. 4. This act shall be deemed a contract with the holders from time to time of obligations of this state. History: 1982, Act 259, Imd. Eff. Sept. 30, 1982
Section 12.101 – Deposit of Real Estate Mortgage as Collateral Security Fees; Credited to General Fund.
12.101 Deposit of real estate mortgage as collateral security fees; credited to general fund. Sec. 1. Any person, firm or corporation who shall deposit in the state treasury as collateral security any real estate mortgage, whether such deposit is required by any law of this state or is made voluntarily, shall pay to the state […]
Section 12.111 – Short Title.
12.111 Short title. Sec. 1. This act shall be known and may be cited as the “unified volume limitation allocation act”. History: 1988, Act 496, Eff. Mar. 30, 1989