PocketLaw | Michigan Compiled Laws | 496 of 1988 - Unified Volume

496 of 1988 - Unified Volume Limitation Allocation Act (12.111 - 12.124)

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Short Title.

Definitions.

Unified Volume Limitation and Allotment Thereof; Determination; Publication.

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.

Request for Allocation; Attachment; Notice of Sale; Certification of Preliminary Proceedings.

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.

Allocation Order; Requirements; Reversion; Allocation Not Transferable Between Issuers; Use of Allocation; Validity of Order; Request for Extension.

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.

Notice of Delivery of Issue of Bonds; Filing; Contents; Failure to File; Revocation and Invalidation of Allocation; Waiver of Revocation.

Order for Carryforward Allocation; Request for Carryforward Allocation; Form; Amount; Priorities; Election.

Records.

State or Municipal Issuer Not Authorized to Issue Bonds.

Allocations to Which Act Applicable; Ratification of Allocation; Revocation of Allocation; Formula for Allocating State Ceiling.

Repeal of MCL 125.1432c.