MCL - Act 496 of 1988
AN ACT to provide for the allotment and allocation of the state's unified volume limitation; and to repeal certain acts and parts of acts.
History: 1988, Act 496, Eff. Mar. 30, 1989
| Document | Type | Description |
|---|---|---|
| Section 12.111 | Section | Short title. |
| Section 12.112 | Section | Definitions. |
| Section 12.113 | Section | Unified volume limitation and allotment thereof; determination; publication. |
| Section 12.114 | Section | Allotments to state and municipal issuers for allocation; reallotment; division of allotment into installments; increase in monthly installments; reserving portion of monthly allotment; pro rata reductions in monthly installments. |
| Section 12.115 | Section | Request for allocation; attachment; notice of sale; certification of preliminary proceedings. |
| Section 12.116 | Section | Requests for allocations; order of consideration; approval or denial; reason for denial; steps to maintain orderly application and allocation process; instances in which request may be denied; when request considered filed or received; issuer seeking allocation not in excess of unallocated unified volume limitation. |
| Section 12.117 | Section | Allocation order; requirements; reversion; allocation not transferable between issuers; use of allocation; validity of order; request for extension. |
| Section 12.118 | Section | Invalidation of request or allocation; notice of changed information; new request for allocation; issuance of bonds before receiving allocation or approval for amendment to allocation; cancellation of prior allocation by approval of new request. |
| Section 12.119 | Section | Notice of delivery of issue of bonds; filing; contents; failure to file; revocation and invalidation of allocation; waiver of revocation. |
| Section 12.120 | Section | Order for carryforward allocation; request for carryforward allocation; form; amount; priorities; election. |
| Section 12.121 | Section | Records. |
| Section 12.122 | Section | State or municipal issuer not authorized to issue bonds. |
| Section 12.123 | Section | Allocations to which act applicable; ratification of allocation; revocation of allocation; formula for allocating state ceiling. |
| Section 12.124 | Section | Repeal of MCL 125.1432c. |