Mi. Const. art. IX, § 18
Mich. Const. art. IX, § 18
Length: 37 wordsOfficial source
Statecredit. Sec.18.Thecreditofthestateshallnotbegrantedto,norinaidofanyperson,association orcorporation,publicorprivate,exceptasauthorizedinthisconstitution. Investmentofpublicfunds. This section shall not be construed to prohibit the investment of public funds until needed for current requirements or the investment of funds accumulated to provide retirement or pensionbenefitsforpublicofficialsandemployees,asprovidedbylaw. History: Const.1963,Art.IX,§18,Eff.Jan.1,1964. FormerConstitution: SeeConst.1908,Art.X,§12.