Michigan Laws 12.276 – Sale of bonds; manner; proceeds
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Terms Used In Michigan Laws 12.276
- Authority: means the Michigan finance authority created by Executive Reorganization Order No. See Michigan Laws 12.272
- Board: means the board of directors of the authority. See Michigan Laws 12.272
The authority may sell the bonds in the manner determined by the authority board at public or private sale and on either a competitive or negotiated basis. Proceeds of the bonds shall be applied as determined by, or pursuant to, a resolution of the authority and permitted under this act.