Sec. 4510.
After the issuance of the bonds authorized by former Act No. 76 of the Public Acts of 1968 or this part, or any series of the bonds, the legislature shall each year make appropriations fully sufficient to pay promptly when due the principal of and interest on all outstanding bonds authorized by former Act No. 76 of the Public Acts of 1968 or this part and all costs incidental to the payment of that principal and interest.
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-1 - Chapter 1 Point Source Pollution Control (324.3101...324.6539)
Section 324.4501 - “Municipality” Defined.
Section 324.4502 - Legislative Determinations.
Section 324.4503 - Bond Issuance; Authorization; Amount; Purpose.
Section 324.4504 - Bonds; Issuance in Series; Resolution of Administrative Board; Sale of Bonds.
Section 324.4505 - Revenues; Disposition.
Section 324.4506 - Bonds; Negotiability; Tax Exempt.
Section 324.4507 - Legal Investments.
Section 324.4508 - Bonds; Question; Submission to Electors; Ballot; Form.
Section 324.4509 - Submission to Electors.
Section 324.4510 - Bonds; Appropriation to Make Prompt Payment.