125.1291 Allocation and reallocation of federal law bond limitation. 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 […]
125.1292 Consideration of bond limitation as deemed waiver; extension of final deadline for issuing bonds; reallocation. Sec. 2. (1) Except as otherwise provided in this section, unless prohibited by applicable federal law, the state treasurer may provide for the waiver, deemed waiver, or reallocation to the state of Michigan of any federal bond limitations specified […]
125.1293 Priority to certain projects. Sec. 3. In determining any allocation or reallocation under this act, the state treasurer shall, to the extent practicable, give priority to projects within a region in which an original allocation existed or a remaining allocation exists and which reflect a consensus or preference among entities to which original allocations […]
125.1294 Ratification and confirmation of certain bond limitations made prior to effective date of act. Sec. 4. Any allocation or reallocation of bond limitation for qualified school construction bonds, recovery zone economic development bonds, recovery zone facility bonds, or qualified energy conservation bonds made by the Michigan department of education, the Michigan department of energy, […]
125.1295 “Municipality or other entity” defined. Sec. 5. As used in this act, “municipality or other entity” means a county, city, school district, or other entity that has received a federal bond limitation allocation. History: 2010, Act 153, Imd. Eff. Aug. 23, 2010
