{"data":{"id":"us-mi/mich.-comp.-laws-484.3217","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 484.3217","heading":"Notes or bonds as limited obligations.","body":"Sec. 17.\n\nThe authority may issue notes or bonds that are expressly stated not to be general obligations of the authority but that constitute limited obligations of the authority payable solely from and secured solely by the revenues, money, and property as the authority may specify.\n\nThe notes or bonds designated as limited obligations under this section shall not be payable from or secured by the reserve capital account, and any reserve fund established for the limited obligation notes or bonds shall not constitute a capital reserve fund under this act.","path":["MI Code","Chapter 484","Act Act-49-of-2002"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-484-3217","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"cd7e19e4c8106abdd39a71ff5b08d7915ece99770265b6f2bb2694d156fdf48a","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-484.3216","next":"us-mi/mich.-comp.-laws-484.3218"},"notice":"GroundRules: Original legal text. Not legal advice."}