{"data":{"id":"us-mi/mich.-comp.-laws-18.1350c","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 18.1350c","heading":"Prohibited expenditures; amount withdrawn from countercyclical budget and economic stabilization fund considered surplus.","body":"Sec. 350c.\n\nExpenditures of state government which exceed the sum of the following amounts shall not be incurred in any fiscal year:\n\nThe revenue limit established in section 350b.\n\nA surplus from a previous year.\n\nFederal aid.\n\nTaxes imposed for the payment of principal and interest on bonds, approved by the voters and authorized under section 15 of article IX of the state constitution of 1963 .\n\nLoans to school districts authorized under section 16 of article IX of the state constitution of 1963.\n\nThe dollar amount of an emergency established pursuant to section 27 of article IX of the state constitution of 1963.\n\nOther amounts excluded from the calculation of the revenue limit under the definition established in section 350a.\n\nFor the purposes of this section, an amount withdrawn from the countercyclical budget and economic stabilization fund created pursuant to section 351 shall be considered a surplus.","path":["MI Code","Chapter 18","Act Act-431-of-1984"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-18-1350c","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"c73b1caa5e178e5f5ded0de032bc2513d3e87262d91b270875007477e110abc8","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-18.1350b","next":"us-mi/mich.-comp.-laws-18.1350d"},"notice":"GroundRules: Original legal text. Not legal advice."}