Michigan Compiled Laws
451-1976-2-17 - Part 17 Bonds and Notes (380.1351...380.1372)
Section 380.1363 - School Districts Subject to Revised Municipal Finance Act; Handling Moneys Received to Discharge Indebtedness.

Sec. 1363.
Money raised by taxes or otherwise received by a school district for the purpose of paying and discharging the principal and interest of the indebtedness is subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.
History: 1976, Act 451, Imd. Eff. Jan. 13, 1977 ;-- Am. 2002, Act 69, Imd. Eff. Mar. 15, 2002 Popular Name: Act 451

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Structure Michigan Compiled Laws

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 380.1351 - Borrowing Money and Issuing Bonds; Purposes; Limitations; Bonds or Notes as Full Faith and Credit Tax Limited Obligations.

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 380.1356 - Operating Deficit; Notes or Bonds as School Financing Stability Bonds; Resolution; Determination of Deficit Amount; Pledge as Security; Agreement; Lien; Revenues Held in Trust; Maturity; Interest; Installments; Redemption; Valid a...

Section 380.1361 - Bonds; Election; Ballot; Surplusage.

Section 380.1362 - Bonds; Issuance; Conditions Prescribed by School District Board.

Section 380.1363 - School Districts Subject to Revised Municipal Finance Act; Handling Moneys Received to Discharge Indebtedness.

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.