There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - 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.
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| Document | Description |
| Section 388.981 | State loans to school districts; bonds, notes, or commercial paper. |
| Section 388.981a | Issuance of bonds by state administrative board. |
| Section 388.981b | 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 | Bonds and notes; revised municipal finance act inapplicable; agency financing reporting act applicable. |
| Section 388.982 | School loan revolving fund; disposition of proceeds payment. |
| Section 388.983 | Appropriation for payment of principal and interest on bonds or notes. |
| Section 388.984 | Money repaid by school districts on loans from school loan revolving fund; deposit; exception. |
| Section 388.985 | State loans to school districts; notes. |
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