MichiganBill would treat housing authority bonds as negotiable instruments
If House Bill 6347 becomes law, the Michigan housing authority’s bonds and notes would be treated as negotiable instruments under the Uniform Commercial Code.
What it does
The bill text treats the authority’s bonds and notes as negotiable instruments under the Uniform Commercial Code, subject to their registration provisions. It would take effect only if House Bill 6347 becomes law.
Argument forTreating the authority’s bonds and notes as negotiable instruments could help holders use them in financial transactions, subject to registration terms.
Argument againstBond and note holders may need to follow registration terms, which could limit how they transfer or handle these instruments.
More detail
The bill text treats the authority’s bonds and notes as negotiable instruments under the Uniform Commercial Code. This applies to bonds and notes issued by the Michigan State Housing Development Authority. The instruments remain subject to their registration provisions. The bill would take effect only if House Bill 6347 is enacted into law. The bill 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. Jason HoskinsIntroduced
HousingGovernment & Ethics