Main Content 451-1994-II-6-197 friendly link Printer Friendly index and updates Search within this Statute for NATURAL RESOURCES AND ENVIRONMENTAL PROTECTION ACT (EXCERPT)Act 451 of 1994 Part 197 GREAT LAKES WATER QUALITY BOND IMPLEMENTATION DocumentTypeDescription Section 324.19701SectionDefinitions. Section 324.19702SectionLegislative findings. Section 324.19703SectionBonds generally. Section 324.19703aSectionIssuance of bonds; conditions; report; "fundable range" defined. Section 324.19704SectionBonds as negotiable. Section 324.19705SectionBonds as securities. Section 324.19706SectionGreat Lakes water quality bond fund; creation; subaccounts. Section 324.19707SectionBond proceeds; disposition; investment; expenditure; tax exempt status; funds remaining at close of fiscal year; annual accounting. Section 324.19708SectionFunds; transfer; use; deposit of certain bonds in determination of allocation and transfer; audit.