Michigan Compiled Laws
Chapter 388 - Schools and School Aid
Act 112 of 1961 - State Loans to School Districts (388.981 - 388.985)

Section 388.981 - State Loans to School Districts; Bonds, Notes, or Commercial Paper. - Sec. 1. (1) The people of this state by virtue...

Section 388.981a - Issuance of Bonds by State Administrative Board. - Sec. 1a. The state administrative board may issue bonds, notes,...

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. - Sec. 1b. (1) The state administrative board may authorize and...

Section 388.981c - Bonds and Notes; Revised Municipal Finance Act Inapplicable; Agency Financing Reporting Act Applicable. - Sec. 1c. (1) Bonds and notes issued under this act...

Section 388.982 - Sale of Refunding Bonds, Notes, or Commercial Paper; Disposition of Proceeds; Payment. - Sec. 2. The proceeds of sale of refunding bonds, notes,...

Section 388.983 - Appropriation for Payment of Principal and Interest on Bonds or Notes. - Sec. 3. (1) For the prompt payment of the principal...

Section 388.984 - Money Repaid by School Districts on Loans From School Loan Revolving Fund; Deposit; Assignment of Loans or Repayments on Loans. - Sec. 4. Any money repaid by school districts on loans...

Section 388.985 - State Loans to School Districts; Notes. - Sec. 5. In addition to issuing bonds under section 1...