MichiganBill would list commercial code sections for transit authority bonds
If House Bill 6347 becomes law, this bill would list commercial code sections in the rule for public transportation authority bonds and notes.
What it does
The bill would list commercial code sections in the rule covering public transportation authority bonds and notes as transferable commercial instruments. It takes effect only if House Bill 6347 becomes law.
Argument forListing the code sections could help authorities and bondholders find the rules that apply to these bonds and notes.
Argument againstThe measure could fail to take effect if House Bill 6347 does not become law.
More detail
The bill would list commercial code sections in the rule covering authority bonds and notes as negotiable instruments, meaning they can be transferred under commercial law. The rule covers bonds and notes issued by a public transportation authority. The bill takes effect only if House Bill 6347 becomes law. The bill takes effect only if House Bill 6347 is enacted into law.
Where do you stand?
Choose your position
Tell your reps
Take a position to see your representatives and ways to contact them.
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. Pat OutmanIntroduced
Transportation