Michigan § 17.451 - Borrowing money and issuing notes in anticipation of undedicated revenues; purpose.
Full text of Michigan Michigan Compiled Laws § 17.451 — Borrowing money and issuing notes in anticipation of undedicated revenues; purpose., with citation guidance and answers to common questions.
§ 17.451. Borrowing money and issuing notes in anticipation of undedicated revenues; purpose.
The state administrative board is authorized to borrow money and refund that borrowing, in whole or in part, when necessary, from time to time, on the full faith and credit of the state and issue notes, including refunding notes and commercial paper, of the state in anticipation of the receipt of undedicated revenues in the same fiscal year when in its judgment such money is needed to meet obligations incurred pursuant to appropriations in that fiscal year.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 17.451
What does Michigan Compiled Laws § 17.451 cover?
Section 17.451 ("Borrowing money and issuing notes in anticipation of undedicated revenues; purpose.") 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 § 17.451?
A common citation format is "Michigan Compiled Laws § 17.451" (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 § 17.451 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.