{"data":{"id":"us-mi/mich.-comp.-laws-388.923","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 388.923","heading":"School loan bonds or notes; continuing appropriation for payment.","body":"Sec. 3.\n\nFor the prompt payment of the principal and interest upon each bond or note issued under this act, the full faith and credit of the state are pledged, and there is hereby appropriated each year during the life of these bonds or notes, from the general fund, a sufficient amount to pay the principal and interest on said bonds or notes maturing each year.","path":["MI Code","Chapter 388","Act Act-74-of-1955"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-388-923","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"33a14bff2e17ab29efc324dbfe54cd0e00bb9091e1c5c4596d44a53e94cc7b4c","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-388.922","next":"us-mi/mich.-comp.-laws-388.924"},"notice":"GroundRules: Original legal text. Not legal advice."}