Mich. Comp. Laws § 388.923
Current through Public Act 171 of the 2024 Legislative Session
For the prompt payment of the principal and interest upon each bond or note issued under this act, the full faith and credit of the state are pledged, and there is hereby appropriated each year during the life of these bonds or notes, from the general fund, a sufficient amount to pay the principal and interest on said bonds or notes maturing each year.
MCL 388.923