{"data":{"id":"us-mi/mich.-const.-art.-ix-20","jurisdiction":"us-mi","citation":"Mich. Const. art. IX, § 20","heading":"Deposit of state money in certain financial institutions; requirements.","body":"Sec. 20.\n\nNo state money shall be deposited in banks, savings and loans associations, or credit unions, other than those organized under the law of this state or federal law. No state money shall be deposited in any bank, savings and loan association, or credit union, in excess of 50 percent of the net worth of the bank, savings and loan association, or credit union. Any bank, savings and loan association, or credit union, receiving deposits of state money shall show the amount of state money so deposited as a separate item in all published statements.","path":["Michigan Constitution","Article IX"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-Article%20IX%20%C2%A7%2020","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"0132c38573f2b8cbd5c343c9bce8022c618b8273086ca049118c0483e9220fb9","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-const.-art.-ix-2","next":"us-mi/mich.-const.-art.-ix-21","notices":[{"id":"open-us-law","title":"Open US Law compilation","text":"Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text.","url":"https://huggingface.co/datasets/vaquill/open-us-law","license_url":"https://creativecommons.org/licenses/by/4.0/"}]},"notice":"GroundRules: Original legal text. Not legal advice."}