MI · constitutions
Mich. Const. art. IX, § 15
Long term borrowing by state
The state may borrow money for specific purposes in amounts as may be provided by acts of the legislature adopted by a vote of two-thirds of the members elected to and serving in each house, and approved by a majority of the electors voting thereon at any general election. The question submitted to the electors shall state the amount to be borrowed, the specific purpose to which the funds shall be devoted, and the method of repayment.
History
Const. 1963, Art. IX, § 15, Eff. Jan. 1, 1964
Provenance
- Source
- legislature.mi.gov
- Retrieved
- 2026-09-29
- Edition
- supplied-2026-09-07
- Content hash
410109eaad8441b15353f52a5fbd7f8fb5aa93ab0b94658da3897e295db79cc6
The link goes to the issuing authority’s own document — the one we read to produce this record. Where a source publishes whole titles rather than sections, your browser may need a moment to jump to the provision.
Unofficial copy of government-published law, reproduced from official sources with full provenance. Not an official publication; verify against official sources before relying on it in a filing. Records in the 'guidance' corpus, and only that corpus, are sub-regulatory (interpretive guidelines, survey procedures) and are not binding law. Validity bounds follow each jurisdiction's declared temporalBasis.