Michigan HB6366: Commercial code: other; references to uniform commercial code in higher education facilities authority act; revise. Amends sec. 11 of 1969 PA 295 (MCL 390.931). TIE BAR WITH: HB 6347'26

What the bill says

To amend 1969 PA 295, entitled "Higher education facilities authority act," by amending section 11 (MCL 390.931), as amended by 2000 PA 356.

From the introduced text, September 24, 2026:

A bill to amend 1969 PA 295, entitled "Higher education facilities authority act," by amending section 11 (MCL 390.931), as amended by 2000 PA 356. the people of the state of michigan enact: Sec. 11. Bonds issued under this act shall be are fully negotiable under the uniform commercial code, 1962 PA 174, MCL 440.1101 to 440.11102, 440.12501, and the bonds and the interest thereon on the bonds are exempt from all taxation by this state or any of its political subdivisions of this state. Enacting section 1. This amendatory act does not take effect unless House Bill No. 6347 (request no. H02809'25) of the 103rd Legislature is enacted into law.

Read the full official text

Sponsors

• Tate, Joseph (D, 9) · primary sponsor
• Wozniak, Douglas (R, 59)

Latest actions

1. September 24, 2026: bill electronically reproduced 09/24/2026
2. September 24, 2026: referred to Committee on Finance
3. September 24, 2026: read a first time
4. September 24, 2026: introduced by Representative Rep. Joe Tate

Common questions

What is HB6366?

HB6366 is a bill in the Michigan Legislature (103rd Legislature): Commercial code: other; references to uniform commercial code in higher education facilities authority act; revise. Amends sec. 11 of 1969 PA 295 (MCL 390.931). TIE BAR WITH: HB 6347'26.

What does HB6366 do?

In its own words: To amend 1969 PA 295, entitled "Higher education facilities authority act," by amending section 11 (MCL 390.931), as amended by 2000 PA 356.

What is the status of HB6366?

In committee as of September 24, 2026. Latest action: bill electronically reproduced 09/24/2026 (September 24, 2026).

Who sponsored HB6366?

Tate, Joseph (D, 9), with 1 co-sponsor.

Where is the official record for HB6366?

On the Michigan Legislature website: https://www.legislature.mi.gov/Bills/Bill?ObjectName=2026-HB-6366