Mich. Comp. Laws § 331.58. Power of local authority to borrow money and issue negotiable bonds; purpose; payment of principal and interest; bond or coupon not general obligation or debt: Hospital Finance Authority Act – Michigan

Status: Enacted
Year Enacted: 1969
Year Amended: 1978
File: Download

For the purpose of defraying the project costs of hospital facilities, making hospital loans, refinancing indebtedness of a hospital, or refunding or refunding in advance obligations of any authority created or incorporated under this act, a local authority may borrow money and issue its negotiable bonds.

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