Michigan Compiled Laws
Act 496 of 1988 - Unified Volume Limitation Allocation Act (12.111 - 12.124)
Section 12.122 - State or Municipal Issuer Not Authorized to Issue Bonds.

Sec. 12.
This act does not authorize a state issuer or a municipal issuer to issue bonds.
History: 1988, Act 496, Eff. Mar. 30, 1989

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 12 - State Treasurer

Act 496 of 1988 - Unified Volume Limitation Allocation Act (12.111 - 12.124)

Section 12.111 - Short Title.

Section 12.112 - Definitions.

Section 12.113 - Unified Volume Limitation and Allotment Thereof; Determination; Publication.

Section 12.114 - Allotments to State and Municipal Issuers for Allocation; Reallotment; Division of Allotment Into Installments; Increase in Monthly Installments; Reserving Portion of Monthly Allotment; Pro Rata Reductions in Monthly Installments.

Section 12.115 - Request for Allocation; Attachment; Notice of Sale; Certification of Preliminary Proceedings.

Section 12.116 - Requests for Allocations; Order of Consideration; Approval or Denial; Reason for Denial; Steps to Maintain Orderly Application and Allocation Process; Instances in Which Request May Be Denied; When Request Considered Filed or Receive...

Section 12.117 - Allocation Order; Requirements; Reversion; Allocation Not Transferable Between Issuers; Use of Allocation; Validity of Order; Request for Extension.

Section 12.118 - Invalidation of Request or Allocation; Notice of Changed Information; New Request for Allocation; Issuance of Bonds Before Receiving Allocation or Approval for Amendment to Allocation; Cancellation of Prior Allocation by Approval of...

Section 12.119 - Notice of Delivery of Issue of Bonds; Filing; Contents; Failure to File; Revocation and Invalidation of Allocation; Waiver of Revocation.

Section 12.120 - Order for Carryforward Allocation; Request for Carryforward Allocation; Form; Amount; Priorities; Election.

Section 12.121 - Records.

Section 12.122 - State or Municipal Issuer Not Authorized to Issue Bonds.

Section 12.123 - Allocations to Which Act Applicable; Ratification of Allocation; Revocation of Allocation; Formula for Allocating State Ceiling.

Section 12.124 - Repeal of MCL 125.1432c.