Michigan § 247.668a Michigan transportation fund; payment of notes, bonds, or other indebtedness; notes and bonds not general obligations of state.

Michigan Statutes

§ 247.668a — Michigan transportation fund; payment of notes, bonds, or other indebtedness; notes and bonds not general obligations of state.

Michigan § 247.668a

Ch. 247HIGHWAYS

Act 51 of 1951STATE TRUNK LINE HIGHWAY SYSTEM (247.651-247.675)

This text of Michigan § 247.668a (Michigan transportation fund; payment of notes, bonds, or other indebtedness; notes and bonds not general obligations of state.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 247.668a (2026).

Text

STATE TRUNK LINE HIGHWAY SYSTEM (EXCERPT) Act 51 of 1951 247.668a Michigan transportation fund; payment of notes, bonds, or other indebtedness; notes and bonds not general obligations of state. Sec. 18a. Subject to the provisions and the limitations set forth in this act, money in the Michigan transportation fund, distributed as provided in this act, may be expended for the payment of the principal and interest on notes and bonds issued or other indebtedness incurred by a governmental unit for transportation purposes as defined by law. Except as otherwise provided by law, the notes or bonds shall be payable solely from the proceeds of taxes restricted to use for the purposes described in section 9 of article 9 of the state constitution of 1963, which are deposited in the state treasury to 

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STATE TRUNK LINE HIGHWAY SYSTEM (EXCERPT) Act 51 of 1951 247.668a Michigan transportation fund; payment of notes, bonds, or other indebtedness; notes and bonds not general obligations of state. Sec. 18a. Subject to the provisions and the limitations set forth in this act, money in the Michigan transportation fund, distributed as provided in this act, may be expended for the payment of the principal and interest on notes and bonds issued or other indebtedness incurred by a governmental unit for transportation purposes as defined by law. Except as otherwise provided by law, the notes or bonds shall be payable solely from the proceeds of taxes restricted to use for the purposes described in section 9 of article 9 of the state constitution of 1963, which are deposited in the state treasury to the credit of the Michigan transportation fund and are distributed pursuant to this act. The notes and bonds shall not be general obligations of this state, which shall be specifically stated on the face of each note or bond sold.

Legislative History

Add. 1957, Act 262, Eff. July 1, 1957 ;-- Am. 1978, Act 444, Imd. Eff. Oct. 10, 1978 Popular Name: McNitt Act Popular Name: Michigan Transportation Fund Act