Michigan § 484.3217 - Notes or bonds as limited obligations.
Full text of Michigan Michigan Compiled Laws § 484.3217 — Notes or bonds as limited obligations., with citation guidance and answers to common questions.
§ 484.3217. Notes or bonds as limited obligations.
The authority may issue notes or bonds that are expressly stated not to be general obligations of the authority but that constitute limited obligations of the authority payable solely from and secured solely by the revenues, money, and property as the authority may specify.
The notes or bonds designated as limited obligations under this section shall not be payable from or secured by the reserve capital account, and any reserve fund established for the limited obligation notes or bonds shall not constitute a capital reserve fund under this act.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 484.3217
What does Michigan Compiled Laws § 484.3217 cover?
Section 484.3217 ("Notes or bonds as limited obligations.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 484.3217?
A common citation format is "Michigan Compiled Laws § 484.3217" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 484.3217 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.