Michigan § 124.552 - Financial obligation of authority.
Full text of Michigan Michigan Compiled Laws § 124.552 — Financial obligation of authority., with citation guidance and answers to common questions.
§ 124.552. Financial obligation of authority.
(1) The revenue raised by an authority may be pledged, in whole or in part, for the repayment of bonded indebtedness and other expenditures issued or incurred by the authority.
(2) A financial obligation of an authority is a financial obligation of the authority only and not an obligation of this state or any city or county within a public transit region. A financial obligation of an authority shall not be transferred to this state or any city or county within a public transit region.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 124.552
What does Michigan Compiled Laws § 124.552 cover?
Section 124.552 ("Financial obligation of authority.") 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 § 124.552?
A common citation format is "Michigan Compiled Laws § 124.552" (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 § 124.552 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.