Michigan Compiled Laws
Article IX - Finance and Taxation (Article IX § 1...§ 42)
Article IX § 13 Public Bodies, Borrowing Power.

Sec. 13.
Public bodies corporate shall have power to borrow money and to issue their securities evidencing debt, subject to this constitution and law.
History: Const. 1963, Art. IX, § 13, Eff. Jan. 1, 1964

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 1 - Constitution of The State of Michigan of 1963

CONSTITUTION OF MICHIGAN OF 1963 - State Constitution (Article I § 1 - § 0)

Article IX - Finance and Taxation (Article IX § 1...§ 42)

Article IX § 1 Taxes for State Expenses.

Article IX § 2 Power of Taxation, Relinquishment.

Article IX § 3 Property Taxation; Uniformity; Assessments; Limitations; Classes; Approval of Legislature.

Article IX § 4 Exemption of Religious or Educational Nonprofit Organizations.

Article IX § 5 Assessment of Property of Public Service Businesses.

Article IX § 6 Real and Tangible Personal Property; Limitation on General Ad Valorem Taxes; Adoption and Alteration of Separate Tax Limitations; Exceptions to Limitations; Property Tax on School District Extending Into 2 or More Counties.

Article IX § 7 Income Tax.

Article IX § 8 Sales and Use Taxes.

Article IX § 9 Use of Specific Taxes on Fuels for Transportation Purposes; Authorization of Indebtedness and Issuance of Obligations.

Article IX § 10 Sales Tax; Distribution to Local Governments.

Article IX § 11 State School Aid Fund; Source; Distribution; Guarantee to Local School District.

Article IX § 12 Evidence of State Indebtedness.

Article IX § 13 Public Bodies, Borrowing Power.

Article IX § 14 State Borrowing; Short Term.

Article IX § 15 Long Term Borrowing by State.

Article IX § 16 State Loans to School Districts.

Article IX § 17 Payments From State Treasury.

Article IX § 18 State Credit.

Article IX § 19 Subscription to or Interest in Stock by State Prohibited; Exceptions.

Article IX § 20 Deposit of State Money in Certain Financial Institutions; Requirements.

Article IX § 21 Accounting for Public Moneys.

Article IX § 22 Examination and Adjustment of Claims Against State.

Article IX § 23 Financial Records; Statement of Revenues and Expenditures.

Article IX § 24 Public Pension Plans and Retirement Systems, Obligation.

Article IX § 25 Voter Approval of Increased Local Taxes; Prohibitions; Emergency Conditions; Repayment of Bonded Indebtedness Guaranteed; Implementation of Section.

Article IX § 26 Limitation on Taxes; Revenue Limit; Refunding or Transferring Excess Revenues; Exceptions to Revenue Limitation; Adjustment of State Revenue and Spending Limits.

Article IX § 27 Exceeding Revenue Limit; Conditions.

Article IX § 28 Limitation on Expenses of State Government.

Article IX § 29 State Financing of Activities or Services Required of Local Government by State Law.

Article IX § 30 Reduction of State Spending Paid to Units of Local Government.

Article IX § 31 Levying Tax or Increasing Rate of Existing Tax; Maximum Tax Rate on New Base; Increase in Assessed Valuation of Property; Exceptions to Limitations.

Article IX § 32 Suit to Enforce Sections 25 to 31.

Article IX § 33 Definitions Applicable to Sections 25 to 32.

Article IX § 34 Implementation of Sections 25 to 33.

Article IX § 35 Michigan Natural Resources Trust Fund.

Article IX § 35a Michigan State Parks Endowment Fund.

Article IX § 36 Tax on Tobacco Products; Dedication of Proceeds.

Article IX § 37 Michigan Veterans' Trust Fund.

Article IX § 38 Michigan Veterans' Trust Fund Board of Trustees; Establishment.

Article IX § 39 Michigan Veterans' Trust Fund Board of Trustees; Administration of Trust Fund.

Article IX § 40 Michigan Conservation and Recreation Legacy Fund.

Article IX § 41 Michigan Game and Fish Protection Trust Fund.

Article IX § 42 Michigan Nongame Fish and Wildlife Trust Fund.