Michigan Compiled Laws
451-1994-II-1-SEWAGE-DISPOSAL-AND-WATERWORKS-SYSTEMS-45 - Part 45 Bonds for Prevention and Abatement of Water Pollution (324.4501...324.4511)
Section 324.4508 - Bonds; Question; Submission to Electors; Ballot; Form.

Sec. 4508.
The question of borrowing the sum of $335,000,000.00 and issuing bonds of the state for the purpose set forth in this part shall be submitted to a vote of the electors of the state qualified to vote on the question in accordance with section 15 of article IX of the state constitution of 1963 , at the general November election to be held on November 5, 1968. The question submitted shall be substantially as follows:
"Shall the state of Michigan borrow the sum of $335,000,000.00 and issue general obligation bonds of the state therefor pledging the full faith and credit of the state for the payment of principal and interest thereon for the purpose of planning, acquiring and constructing facilities for the prevention and abatement of water pollution and for the making of grants, loans and advances to municipalities, political subdivisions and agencies of the state for such purposes, the method of repayment of said bonds to be from the general fund of the state?
Yes [ ]
No [ ]".
History: Add. 1995, Act 60, Imd. Eff. May 24, 1995 Popular Name: Act 451Popular Name: NREPA

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