Michigan § Article IX § 15 - Long term borrowing by state.
Full text of Michigan Michigan Compiled Laws § Article IX § 15 — Long term borrowing by state., with citation guidance and answers to common questions.
§ Article IX § 15. Long term borrowing by state.
The state may borrow money for specific purposes in amounts as may be provided by acts of the legislature adopted by a vote of two-thirds of the members elected to and serving in each house, and approved by a majority of the electors voting thereon at any general election. The question submitted to the electors shall state the amount to be borrowed, the specific purpose to which the funds shall be devoted, and the method of repayment.
Frequently Asked Questions About Michigan § Article IX § 15
What does Michigan Compiled Laws § Article IX § 15 cover?
Section Article IX § 15 ("Long term borrowing by state.") 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 § Article IX § 15?
A common citation format is "Michigan Compiled Laws § Article IX § 15" (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 § Article IX § 15 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.