{"data":{"id":"us-mi/mich.-comp.-laws-141.152","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 141.152","heading":"Maximum interest rate on certain bonds and evidences of indebtedness.","body":"Sec. 2.\n\nNotwithstanding the provisions of any other law, charter provision, ordinance, ballot or other proceedings to the contrary, any public corporation may agree or contract to pay interest on bonds or other evidences of indebtedness issued by it pursuant to law, subject where required by law to the prior permission of the municipal finance commission, at an interest rate or rates not greater than 8% per annum on bonds or other evidences of indebtedness issued after the effective date of this act but before July 1, 1973.","path":["MI Code","Chapter 141","Act Act-342-of-1969"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-141-152","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"8c5f70df55360aba1cabce21d3f1e3efd79517179e1a0536d725f45980a1d15b","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-141.151","next":"us-mi/mich.-comp.-laws-141.153"},"notice":"GroundRules: Original legal text. Not legal advice."}