35.1004 Powers of administrative board and legislature.
67 words·~1 min read·
/mi/chapter-35/35-1004A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
35.1004 Powers of administrative board and legislature.
Sec. 4.
The state administrative board shall provide by resolution, from time to time, for the issuance and sale of serial notes or serial bonds at the lowest possible cost and the legislature is authorized to provide for the amounts and method of and eligibility for payment of the sums herein directed.
History: 1974, Act 106, Eff. Nov. 5, 1974