{"data":{"id":"us-mi/mich.-comp.-laws-388.1937","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 388.1937","heading":"False statement or unauthorized use of proceeds; violation as felony; penalty.","body":"Sec. 17.\n\nA person who knowingly makes a false statement or conceals material information for the purpose of obtaining qualification of a bond issue under this act or for the purpose of obtaining a qualified loan under this act, or who knowingly uses all or part of the proceeds of a qualified loan obtained under this act for any purpose not authorized by this act, is guilty of a felony punishable by imprisonment for not more than 4 years or a fine of not more than $5,000.00, or both.","path":["MI Code","Chapter 388","Act Act-92-of-2005"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-388-1937","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"b1f0dfccacdc6939dc25796a235903b8b9fea9f7c5bf5869dc0b4935539bdb21","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-388.1936","next":"us-mi/mich.-comp.-laws-388.1938"},"notice":"GroundRules: Original legal text. Not legal advice."}