Sec. 19505.
Bonds issued under former Act No. 326 of the Public Acts of 1988 or part 193 are made securities in which banks, savings and loan associations, investment companies, credit unions, and other persons carrying on a banking business; all insurance companies, insurance associations, and other persons carrying on an insurance business; and all administrators, executors, guardians, trustees, and other fiduciaries may properly and legally invest funds, including capital, belonging to them or within their control.
History: Add. 1995, Act 60, Imd. Eff. May 24, 1995 Popular Name: Act 451Popular Name: NREPA
Structure Michigan Compiled Laws
Chapter 324 - Natural Resources and Environmental Protection
Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)
Article II - Pollution Control (324.3101...324.21563)
451-1994-II-6 - Chapter 6 Environmental Funding (324.19101...324.19708)
451-1994-II-6-195 - Part 195 Environmental Protection Bond Implementation (324.19501...324.19513)
Section 324.19501 - Definitions.
Section 324.19502 - Legislative Finding and Declaration.
Section 324.19503 - Bonds; Requirements Generally.
Section 324.19504 - Bonds Negotiable; Tax Exemption.
Section 324.19505 - Bonds as Securities.
Section 324.19510 - Application for Grant or Loan; Form; Requirements.