The state, in addition to any other borrowing power, may borrow from time to time such amounts as shall be required, pledge its faith and credit and issue its notes or bonds therefor, for the purpose of making loans to school districts as provided in this section.
State loans to school districts
Mich. Const. art. IX, § 16, under Finance and Taxation.
Mich. Const. art. IX, § 16
State loans to school districts