Mich. Comp. Laws § 331.73d
Current through Public Act 57 of the 2024 Legislative Session
The state shall not be liable on the refunding bonds of the state authority, and the bonds shall not be a debt of the state. Each bond shall contain on its face a statement to that effect. The state shall not be or become liable for a debt evidenced by the bonds or notes to be refunded as a result of the issuance of the refunding bonds.
MCL 331.73d