Sec. 71301.
The state shall borrow a sum not to exceed $140,000,000.00 and issue the general obligation bonds of this state, pledging the full faith and credit of the state for the payment of principal and interest on the bonds, to finance state and local public recreation projects.
History: Add. 1995, Act 58, 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 III - Natural Resources Management (324.30101...324.83109)
451-1994-III-4 - Chapter 4 Recreation (324.70101...324.83109)
451-1994-III-4-1 - Subchapter 1 Recreation (324.70101...324.73302)
451-1994-III-4-1-ADMINISTRATION - Administration (324.70101...324.71607)
451-1994-III-4-1-ADMINISTRATION-713 - Part 713 Recreation Bond Authorization (324.71301...324.71307)
Section 324.71301 - Bonds; Authorization; Limitation; Purpose.
Section 324.71302 - Bonds; Conditions, Methods, and Procedures.
Section 324.71303 - Bonds; Disposition of Proceeds and Interest.
Section 324.71304 - Submission of Question to Electors.
Section 324.71305 - Duties of Secretary of State.
Section 324.71306 - Appropriation; Purpose; Executive Budget Recommendations.