{"data":{"id":"us-mi/mich.-comp.-laws-380.1364","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 380.1364","heading":"Tax for payment of principal and interest.","body":"Sec. 1364.\n\nThe board of a school district which borrows money shall impose an annual tax on the taxable property in the district for the purpose of paying the principal borrowed, or a part thereof, and the interest thereon, to be levied and collected as other school taxes are levied and collected.","path":["MI Code","Chapter 380","Act Act-451-of-1976"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-380-1364","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"19fe61934572db64f1974a4277d22b72a8ee47d88c1a345ef442158a77b976a6","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-380.1363","next":"us-mi/mich.-comp.-laws-380.1371"},"notice":"GroundRules: Original legal text. Not legal advice."}