Art. IX §18 | STATE CREDIT

The credit of the state shall not be granted to, nor in aid of any person, association or corporation, public or private, except as authorized in this constitution.

Investment of public funds.

This section shall not be construed to prohibit the investment of public funds until needed for current requirements or the investment of funds accumulated to provide retirement or pension benefits for public officials and employees, as provided by law.

Congratulations! You're now booked up on Article IX Section 18 of the Michigan Constitution!

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Art. IX §18 | STATE CREDIT

Investment of public funds.

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History:	Const. 1963, Art. IX, §18, Eff. Jan. 1, 1964.
Former Constitution:	See Const. 1908, Art. X, §12.

Art. IX §18 | STATE CREDIT

Investment of public funds.

Pages That YouMight Also Like

add a comment

thank you, come again!TBD 1.037

Submit a Quiz Question

That Will Test Another User's Page-Specific Knowledge

Pages That You
Might Also Like

thank you, come again!
TBD 1.037