Sec. 8. (1) After the issuance of the bonds authorized by this act, there shall be appropriated from the general fund of the state each fiscal year a sufficient amount to pay promptly, when due, the principal of and interest on all outstanding bonds authorized by this act and the costs incidental to the payment of the bonds. (2) The governor shall include the appropriation provided for in subsection (1) in his or her annual executive budget recommendations to the legislature.
Mich. Comp. Laws § 324.95108
Payment on outstanding bonds; costs; annual executive budget
1998, Act 284, Imd
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.