MichiganBroadband authority notes and bonds would count as negotiable instruments
If House Bill 6347 also becomes law, notes and bonds issued by the Michigan Broadband Development Authority would count as negotiable instruments under Michigan’s commercial code.
What it does
If House Bill 6347 also becomes law, the authority’s notes and bonds would count as negotiable instruments under Michigan’s commercial code.
Argument forThis treatment could give holders a clearer way to understand the authority’s notes and bonds under Michigan’s commercial code.
Argument againstThis treatment could affect how holders handle the authority’s notes and bonds under Michigan’s commercial code.
More detail
The bill would treat the authority’s notes and bonds as negotiable instruments under Michigan’s commercial code. This applies to notes and bonds issued by the Michigan Broadband Development Authority. The act would take effect only if House Bill 6347 is enacted into law.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Sep 29bill electronically reproduced 09/24/2026Latest
- Sep 24referred to Committee on FinanceMinor
- Sep 24read a first timeMinor
- Sep 24introduced by Representative Rep. John RothIntroduced
Government & Ethics