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Current as of January 01, 2025 | Updated by Findlaw Staff
Sec. 12. In the authority's resolution authorizing bonds or in the provisions of a trust agreement or trust indenture that the authority authorizes, the authority may delegate for a time period at the authority's discretion to an officer, employee, or designated agent of the authority the power to issue, sell, and deliver bonds within limits on those bonds established by the authority, as to any of the following:
(a) Form.
(b) Maximum interest rate or rates.
(c) Maturity date or dates.
(d) Purchase price.
(e) Denominations.
(f) Redemption dates and premiums, if any.
(g) Nature of the security.
(h) Selection of an applicable interest rate index.
(i) Other terms and conditions with respect to the bond issue that the authority prescribes.
Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 12. State Treasurer § 12.282 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-12-state-treasurer/mi-comp-laws-12-282/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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