Michigan Compiled Laws
Chapter 12 - State Treasurer
Act 267 of 2011 - Employment Security Financing Act (12.271 - 12.294)

Section 12.271 - Short Title. - Sec. 1. This act shall be known and may be...

Section 12.272 - Definitions. - Sec. 2. As used in this act: (a) "Ancillary facility"...

Section 12.273 - Powers; Issuance of Bonds. - Sec. 3. (1) The authority's exercise of the powers under...

Section 12.274 - Resolution; Bond Issue; Payment; Terms and Conditions. - Sec. 4. (1) The board of the authority shall authorize...

Section 12.275 - Bond Issue; Determination. - Sec. 5. For each bond issue, the authority shall determine...

Section 12.276 - Sale of Bonds; Manner; Proceeds. - Sec. 6. The authority may sell the bonds in the...

Section 12.277 - Trust Agreement or Trust Indenture. - Sec. 7. In the discretion of the authority, any bond...

Section 12.278 - Ancillary Facility; Enter Into, Amend, or Terminate; Purposes. - Sec. 8. (1) The authority may enter into, amend, or...

Section 12.279 - Bond or Ancillary Facility Issued Pursuant to Act; Evidence of Validity. - Sec. 9. A recital in a bond or ancillary facility...

Section 12.280 - Personal Liability of Board Member or Officer, Appointee, or Employee of Authority; Indemnification; Conflict of Interest. - Sec. 10. (1) A member of the board or an...

Section 12.281 - Bonds Subject to Other Acts. - Sec. 11. (1) A bond issued under this act is...

Section 12.282 - Power to Issue, Sell, and Deliver Bonds; Delegation. - Sec. 12. In the authority's resolution authorizing bonds or in...

Section 12.283 - Exercise of Duties. - Sec. 13. (1) The authority shall exercise its duties under...

Section 12.284 - Additional Powers. - Sec. 14. In addition to any other powers conferred upon...

Section 12.285 - Bond or Ancillary Facility; Indebtedness, Liability, or Obligation Not Created. - Sec. 15. A bond or ancillary facility issued under this...

Section 12.286 - Tax Exemption. - Sec. 16. (1) The property of the authority and its...

Section 12.287 - Prohibited Conduct; Pledge and Agreement. - Sec. 17. (1) This state hereby pledges and agrees with...

Section 12.288 - Investment in Sinking Funds, Money, or Other Funds. - Sec. 18. Notwithstanding any restriction contained in any other law,...

Section 12.289 - Construction of Act. - Sec. 19. This act and all powers granted in it...

Section 12.290 - Use of Funds to Purchase Bonds; Price. - Sec. 20. Subject to any agreements with bondholders, the authority...

Section 12.291 - Appropriation. - Sec. 21. (1) Notwithstanding any existing provision of law and...

Section 12.292 - Legal Claims; Jurisdiction. - Sec. 22. Except as otherwise provided in this section, any...

Section 12.293 - Creation, Perfection, Priority, and Enforcement of Pledge of Revenue or Other Security; Negotiability of Bonds. - Sec. 23. (1) This act governs the creation, perfection, priority,...

Section 12.294 - Bonds; Limitation. - Sec. 24. Bonds issued under this act are limited to...