Michigan Const. art. IX, § 18

Michigan Constitution

Article IX, § 18 — State credit

Michigan Const. art. IX, § 18 (State credit) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionMichigan DocumentConstitution

ArticleIX

Section§ 18

CitationMichigan Const. art. IX, § 18

Bluebook

Mich. Const. art. IX, § 18.

Full Text

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. 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.

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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. 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.

History

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