Sec. 2.
The state shall borrow not more than $205,000,000.00, pledge its faith and credit, and issue its serial notes or serial bonds therefor, with maturities as fixed by law for the purpose of paying to or for the benefit of veterans and their beneficiaries as provided in section 3.
History: 1974, Act 106, Eff. Nov. 5, 1974
Structure Michigan Compiled Laws
Chapter 35 - Veterans and Members of Armed Forces
Act 106 of 1974 - Bonds to Provide Service Bonus for Vietnam Veterans (35.1001 - 35.1011)
Section 35.1001 - Definitions.
Section 35.1003 - Service Bonus for Certain Veterans.
Section 35.1004 - Powers of Administrative Board and Legislature.
Section 35.1005 - Submission of Question to Electors.
Section 35.1006 - Nature of Benefits; Tax Exemptions.
Section 35.1007 - Expiration of Benefits.
Section 35.1008 - Duties of Secretary of State.
Section 35.1009 - Appropriations.