Michigan SB0729 amends the State Building Authority's authority to issue revenue obligations and refunding revenue obligations.

Michigan SB0729 amends the State Building Authority's authority to issue revenue obligations and refunding revenue obligations. The bill allows the authority to issue revenue obligations for the cost of facilities, including legal, engineering, architectural, and consulting services. It also allows the authority to issue refunding revenue obligations to refund existing obligations. The bill sets a limit of $2.7 billion on the total outstanding obligations of the authority, excluding certain set-asides and principal appreciation.

Michigan SB0729 amends the State Building Authority's authority to issue revenue obligations and refunding revenue obligations.

Michigan SB0729 amends the State Building Authority's authority to issue revenue obligations and refunding revenue obligations. The bill allows the authority to issue revenue obligations for the cost of facilities, including legal, engineering, architectural, and consulting services. It also allows the authority to issue refunding revenue obligations to refund existing obligations. The bill sets a limit of $2.7 billion on the total outstanding obligations of the authority, excluding certain set-asides and principal appreciation.