{"data":{"id":"us-mi/mich.-comp.-laws-247.668a","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 247.668a","heading":"Michigan transportation fund; payment of notes, bonds, or other indebtedness; notes and bonds not general obligations of state.","body":"Sec. 18a.\n\nSubject to the provisions and the limitations set forth in this act, money in the Michigan transportation fund, distributed as provided in this act, may be expended for the payment of the principal and interest on notes and bonds issued or other indebtedness incurred by a governmental unit for transportation purposes as defined by law. Except as otherwise provided by law, the notes or bonds shall be payable solely from the proceeds of taxes restricted to use for the purposes described in section 9 of article 9 of the state constitution of 1963, which are deposited in the state treasury to the credit of the Michigan transportation fund and are distributed pursuant to this act. The notes and bonds shall not be general obligations of this state, which shall be specifically stated on the face of each note or bond sold.","path":["MI Code","Chapter 247","Act Act-51-of-1951"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-247-668a","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"58ca8ccb369595c4f0bdb4c58352668c8c6dd27a2771c03fec73ff495b03c104","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-247.667a","next":"us-mi/mich.-comp.-laws-247.668b"},"notice":"GroundRules: Original legal text. Not legal advice."}