Michigan Laws 125.1291 – Allocation and reallocation of federal law bond limitation
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Terms Used In Michigan Laws 125.1291
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
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 school construction bonds.
(b) Recovery zone economic development bonds.
(c) Recovery zone facility bonds.
(d) Qualified energy conservation bonds.