2006 Michigan Compiled Laws - Mich. Comp. Laws § 388.816 Expenditures not to exceed revenue; maintaining balanced budget.

EMERGENCY FINANCIAL ASSISTANCE FOR CERTAIN SCHOOL DISTRICTS (EXCERPT)
Act 26 of 1982

***** 388.816 THIS SECTION IS NOT APPLICABLE AFTER JUNE 30, 1994: See 388.829 *****

388.816 Expenditures not to exceed revenue; maintaining balanced budget.

Sec. 6.

The department shall take steps necessary to assure that the expenditures of a school district which receives an emergency loan under this act shall not exceed revenues on an annual basis and that the school district maintains a balanced budget.

History: 1982, Act 26, Imd. Eff. Mar. 4, 1982

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