2012 Michigan Compiled Laws
Chapter 1 — Constitution of the State of Michigan of 1963
CONSTITUTION OF MICHIGAN OF 1963 — STATE CONSTITUTION (Article I § 1 - § 0)
CONSTITUTION-IX — ARTICLE IX FINANCE AND TAXATION (Article IX § 1...§ 42)
Article IX § 18 — State credit.
STATE CONSTITUTION (EXCERPT)
CONSTITUTION OF MICHIGAN OF 1963
§ 18 State credit.
Sec. 18.
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.
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.
History: Const. 1963, Art. IX, § 18, Eff. Jan. 1, 1964
Former Constitution: See Const. 1908, Art. X, § 12.
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