Main Content Act 259 of 1982 friendly link Printer Friendly bills affecting index and updates Search within this Statute for PAYMENT OF FULL FAITH AND CREDIT OBLIGATIONSAct 259 of 1982AN ACT to provide for the payment of the principal of and interest on full faith and credit obligations of this state; to prescribe duties of the state treasurer with respect thereto; and to provide for the enforcement of such duties. History: 1982, Act 259, Imd. Eff. Sept. 30, 1982 © 2017 Legislative Council, State of MichiganThe People of the State of Michigan enact: DocumentTypeDescription Section 12.61SectionPurpose of act; “obligations” defined. Section 12.62SectionPayment of principal and interest on obligations of state; duties of state treasurer. Section 12.63SectionEnforcing duties of state treasurer by action to require performance. Section 12.64SectionAct as contract with holders of obligations.