MCL - Act 112 of 1961
AN ACT to authorize and provide for the issuance, sale, and refunding of bonds, notes, or commercial paper of the state; to provide funds for making loans to school districts for payment of principal and interest on certain school bonds; to provide for use of moneys repaid to the state by school districts; and to make an appropriation.
History: 1961, Act 112, Eff. Sept. 8, 1961
;--
Am. 1991, Act 64, Imd. Eff. July 3, 1991
;--
Am. 2000, Act 245, Imd. Eff. June 29, 2000
| Document | Type | Description |
|---|---|---|
| Section 388.981 | Section | State loans to school districts; bonds, notes, or commercial paper. |
| Section 388.981a | Section | Issuance of bonds by state administrative board. |
| Section 388.981b | Section | Security for payment or purchase of bonds, notes, or commercial paper; authorization and approval by state administrative board; authority of state treasurer or deputy treasurer. |
| Section 388.981c | Section | Bonds and notes; revised municipal finance act inapplicable; agency financing reporting act applicable. |
| Section 388.982 | Section | Sale of refunding bonds, notes, or commercial paper; disposition of proceeds; payment. |
| Section 388.983 | Section | Appropriation for payment of principal and interest on bonds or notes. |
| Section 388.984 | Section | Money repaid by school districts on loans from school loan revolving fund; deposit; assignment of loans or repayments on loans. |
| Section 388.985 | Section | State loans to school districts; notes. |