2006 Michigan Compiled Laws - Mich. Comp. Laws § 388.820 Reorganization of school district defaulting in repayment of loan; recommendation.

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

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

388.820 Reorganization of school district defaulting in repayment of loan; recommendation.

Sec. 10.

A school district receiving an emergency loan under this act which defaults in repayment of the loan shall be reorganized by the state board following recommendation by the state committee.

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

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