2010 Michigan Compiled Laws
Chapter 141 - MUNICIPAL FINANCING
Act 72 of 1990 - LOCAL GOVERNMENT FISCAL RESPONSIBILITY ACT (141.1201 - 141.1291)
72-1990-3 - ARTICLE 3 SCHOOL DISTRICT PROVISIONS (141.1231...141.1244)
Section 141.1232 - Responsibility for monitoring and reviewing financial condition of school districts.

LOCAL GOVERNMENT FISCAL RESPONSIBILITY ACT (EXCERPT)
Act 72 of 1990

141.1232 Responsibility for monitoring and reviewing financial condition of school districts.

Sec. 32.

The superintendent of public instruction is responsible for monitoring and periodically reviewing the financial condition of school districts to ensure their compliance with state laws regulating budgetary and accounting practices and their financial soundness.

History: 1990, Act 72, Imd. Eff. May 15, 1990

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