{"data":{"id":"us-mi/mich.-comp.-laws-129.244","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 129.244","heading":"Total combined authorized credit limit; limitation; payment of balance, annual fee, and interest.","body":"Sec. 4.\n\nThe total combined authorized credit limit of all credit cards issued by a local unit shall not exceed 5% of the total budget of the local unit for the current fiscal year.\n\nThe governing body of a local unit may include in its budget and pay the balance due on any credit cards, including the annual fee and interest.","path":["MI Code","Chapter 129","Act Act-266-of-1995"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-129-244","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"83bf4d83a11ad91a4bed50830f913daaac42ac0cc423b06600f8a43bbc354aa1","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-129.243","next":"us-mi/mich.-comp.-laws-129.245"},"notice":"GroundRules: Original legal text. Not legal advice."}