{"data":{"id":"us-mi/mich.-comp.-laws-254.364","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 254.364","heading":"Refunding bonds; negotiability and tax exemption.","body":"Sec. 4.\n\nRefunding bonds issued under this act shall be deemed to be negotiable instruments under the laws of the state, and the principal of and interest on the bonds is not subject to taxation by the state or any taxing authority therein.","path":["MI Code","Chapter 254","Act Act-13-of-1966"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-254-364","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"79581cfc54ed20af056919e17dca22b92a783591158615be09256df70f7c41d7","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-254.363","next":"us-mi/mich.-comp.-laws-254.365"},"notice":"GroundRules: Original legal text. Not legal advice."}