Mich. Comp. Laws § 12.282
This is the official text of Mich. Comp. Laws § 12.282, part of Michigan’s Comp. Laws — part of the compiled statutory law of Michigan, published by the state as "Comp. Laws." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Power to issue, sell, and deliver bonds; delegation.
Official statutory text
Sec. 12.
In the authority's resolution authorizing bonds or in the provisions of a trust agreement or trust indenture that the authority authorizes, the authority may delegate for a time period at the authority's discretion to an officer, employee, or designated agent of the authority the power to issue, sell, and deliver bonds within limits on those bonds established by the authority, as to any of the following:
(a) Form.
(b) Maximum interest rate or rates.
(c) Maturity date or dates.
(d) Purchase price.
(e) Denominations.
(f) Redemption dates and premiums, if any.
(g) Nature of the security.
(h) Selection of an applicable interest rate index.
(i) Other terms and conditions with respect to the bond issue that the authority prescribes.
History: 2011, Act 267, Imd. Eff. Dec. 19, 2011
In the authority's resolution authorizing bonds or in the provisions of a trust agreement or trust indenture that the authority authorizes, the authority may delegate for a time period at the authority's discretion to an officer, employee, or designated agent of the authority the power to issue, sell, and deliver bonds within limits on those bonds established by the authority, as to any of the following:
(a) Form.
(b) Maximum interest rate or rates.
(c) Maturity date or dates.
(d) Purchase price.
(e) Denominations.
(f) Redemption dates and premiums, if any.
(g) Nature of the security.
(h) Selection of an applicable interest rate index.
(i) Other terms and conditions with respect to the bond issue that the authority prescribes.
History: 2011, Act 267, Imd. Eff. Dec. 19, 2011
Status: in_force · Read it on the official government site
Need a lawyer in Michigan?
Find a Michigan lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.