Michigan § 129.244 - Total combined authorized credit limit; limitation; payment of balance, annual fee, and interest.
Full text of Michigan Michigan Compiled Laws § 129.244 — Total combined authorized credit limit; limitation; payment of balance, annual fee, and interest., with citation guidance and answers to common questions.
§ 129.244. Total combined authorized credit limit; limitation; payment of balance, annual fee, and interest.
The total combined authorized credit limit of all credit cards issued by a local unit shall not exceed 5% of the total budget of the local unit for the current fiscal year.
The governing body of a local unit may include in its budget and pay the balance due on any credit cards, including the annual fee and interest.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 129.244
What does Michigan Compiled Laws § 129.244 cover?
Section 129.244 ("Total combined authorized credit limit; limitation; payment of balance, annual fee, and interest.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 129.244?
A common citation format is "Michigan Compiled Laws § 129.244" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 129.244 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.