{"data":{"id":"us-mi/mich.-comp.-laws-380.1816","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 380.1816","heading":"Misuse of proceeds; violation as felony; penalty.","body":"Sec. 1816.\n\nA person who knowingly or intentionally uses the proceeds of bonds issued under this act for a purpose other than a purpose for which the bonds were issued, as stated in the ballot proposal authorizing the issuance of the bonds, or who knowingly or intentionally permits or consents to such a misuse of the proceeds of bonds issued under this act, is guilty of a felony punishable by a fine in an amount equal to not more than 10% of the cost of the project involved in the violation or imprisonment for not more than 4 years, or both, but is not subject to the penalties of section 1804.","path":["MI Code","Chapter 380","Act Act-451-of-1976"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-380-1816","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"b175ab03d69a4b18d5a7a9326a5a4f09b4cc8acadd6e176bea955d1b90cfd0da","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-380.1815","next":"us-mi/mich.-comp.-laws-380.1851"},"notice":"GroundRules: Original legal text. Not legal advice."}