Michigan Compiled Laws
451-1976-2-17 - Part 17 Bonds and Notes (380.1351...380.1372)
Section 380.1372 - Debt Retirement Fund; Record of Moneys; Securities, and Transactions; Reports.

Sec. 1372.
The treasurer of a board of education shall keep a proper record of the moneys and securities on hand in the debt retirement fund and of the transactions relating thereto. The treasurer shall periodically, and when requested by the board, make a complete report concerning the same. The proper officers of the school district shall make reports concerning the transactions relating to the debt retirement fund as may be required by the state board or other authority in connection with the handling of the funds of the school district.
History: 1976, Act 451, Imd. Eff. Jan. 13, 1977 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...