Michigan § 18.1437 - Advances to revolving fund; repayment; long term advances for acquisition of equipment; limitation.
Full text of Michigan Michigan Compiled Laws § 18.1437 — Advances to revolving fund; repayment; long term advances for acquisition of equipment; limitation., with citation guidance and answers to common questions.
§ 18.1437. Advances to revolving fund; repayment; long term advances for acquisition of equipment; limitation.
The director may make advances to any revolving fund from time to time during a fiscal year, but all of the advances shall be repaid to the fund from which advanced before the end of the fiscal year.
The director may, if approved by the board, make long term advances to the various revolving funds for the purpose of acquiring equipment. The amount of an advance made to any revolving fund shall not exceed the net book value of the assets acquired with the advance.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 18.1437
What does Michigan Compiled Laws § 18.1437 cover?
Section 18.1437 ("Advances to revolving fund; repayment; long term advances for acquisition of equipment; limitation.") 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 § 18.1437?
A common citation format is "Michigan Compiled Laws § 18.1437" (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 § 18.1437 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.