{"data":{"id":"us-mi/mich.-comp.-laws-41.738","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 41.738","heading":"Use of interest earned from investments, money from bond proceeds, or money from interest and penalties on unpaid special assessment.","body":"Sec. 18.\n\nInterest earned from the investment of money collected under a special assessment under this act or of money received as bond proceeds from a bond issued under this act, or money from interest or penalties charged and collected on an unpaid special assessment under this act shall only be used for the following:\n\nTo pay for the improvement for which the special assessment is assessed.\n\nTo pay the principal and interest of bonds that are issued for the improvement for which the special assessment is assessed.\n\nTo pay the principal and interest of an advance from the township that is used for the improvement for which the special assessment is assessed.","path":["MI Code","Chapter 41","Act Act-188-of-1954"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-41-738","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"67f63033ef49eaa1d8d6313d063e1094f328e338b61ac04f309b5c778298aaa3","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-41.737","next":"us-mi/mich.-comp.-laws-41.271"},"notice":"GroundRules: Original legal text. Not legal advice."}