Sec. 1351b.
Beginning with bonds issued after May 1, 1995, bonds issued under section 1351a shall not in whole or in part appreciate in principal amount or be sold at a discount of more than 10%.
History: Add. 1994, Act 278, Imd. Eff. July 11, 1994 Popular Name: Act 451
Structure Michigan Compiled Laws
Chapter 380 - The Revised School Code
Act 451 of 1976 - The Revised School Code (380.1 - 380.1853)
Article 2 - (380.805...380.1644)
451-1976-2-17 - Part 17 Bonds and Notes (380.1351...380.1372)
Section 380.1351a - Borrowing Money and Issuing Bonds.
Section 380.1351b - Appreciation or Sale at Discount.
Section 380.1352 - Borrowing Money or Issuing Bonds; Contract for Legal Representation.
Section 380.1361 - Bonds; Election; Ballot; Surplusage.
Section 380.1362 - Bonds; Issuance; Conditions Prescribed by School District Board.
Section 380.1364 - Tax for Payment of Principal and Interest.
Section 380.1371 - Debt Retirement Fund; Duties of Treasurer.
Section 380.1372 - Debt Retirement Fund; Record of Moneys; Securities, and Transactions; Reports.