MichiganBill would call higher education authority bonds fully negotiable
If House Bill 6347 also becomes law, this bill would change the wording about how bonds under the Higher Education Facilities Authority Act are treated under Michigan’s commercial code.
What it does
The bill would change the wording about bonds issued under the Higher Education Facilities Authority Act, saying they are fully negotiable under Michigan’s commercial code. The text does not establish a change to their tax exemption.
Argument forBuyers may find it clearer that these bonds are fully negotiable under Michigan’s commercial code.
Argument againstThe wording change may not take effect if the separate bill it depends on does not become law.
More detail
The bill would change the wording to say the bonds “are fully negotiable” under Michigan’s commercial code. This wording applies to bonds issued under the Higher Education Facilities Authority Act. The bill’s text does not establish a change to the existing tax exemption. The amendment would take effect only if House Bill 6347 of the 103rd Legislature becomes 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. Joe TateIntroduced