Mich. Comp. Laws § Article VII § 26
This is the official text of Mich. Comp. Laws § Article VII § 26, part of Michigan’s Comp. Laws — part of the compiled statutory law of Michigan, published by the state as "Comp. Laws." Browse the sections below, each linked to its official government source.
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Cities and villages, loan of credit.
Official statutory text
Sec. 26.
Except as otherwise provided in this constitution, no city or village shall have the power to loan its credit for any private purpose or, except as provided by law, for any public purpose.
History: Const. 1963, Art. VII, § 26, Eff. Jan. 1, 1964
Except as otherwise provided in this constitution, no city or village shall have the power to loan its credit for any private purpose or, except as provided by law, for any public purpose.
History: Const. 1963, Art. VII, § 26, Eff. Jan. 1, 1964
Status: in_force · Read it on the official government site
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