Michigan § 12.282 - Power to issue, sell, and deliver bonds; delegation.
Full text of Michigan Michigan Compiled Laws § 12.282 — Power to issue, sell, and deliver bonds; delegation., with citation guidance and answers to common questions.
§ 12.282. Power to issue, sell, and deliver bonds; delegation.
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.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 12.282
What does Michigan Compiled Laws § 12.282 cover?
Section 12.282 ("Power to issue, sell, and deliver bonds; delegation.") 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 § 12.282?
A common citation format is "Michigan Compiled Laws § 12.282" (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 § 12.282 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.