Michigan § 18.1351 - Countercyclical budget and economic stabilization fund; creation; purpose; definitions.
Full text of Michigan Michigan Compiled Laws § 18.1351 — Countercyclical budget and economic stabilization fund; creation; purpose; definitions., with citation guidance and answers to common questions.
§ 18.1351. Countercyclical budget and economic stabilization fund; creation; purpose; definitions.
A countercyclical budget and economic stabilization fund is created to assist in stabilizing revenue and employment during periods of economic recession and high unemployment.
As used in this section and sections 352 to 359, "fund" means the countercyclical budget and economic stabilization fund.
As used in section 352, "current calendar year" means the year that ends December 31 in which the determination of the transfer into or out of the fund is being made.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 18.1351
What does Michigan Compiled Laws § 18.1351 cover?
Section 18.1351 ("Countercyclical budget and economic stabilization fund; creation; purpose; definitions.") 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 § 18.1351?
A common citation format is "Michigan Compiled Laws § 18.1351" (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 § 18.1351 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.