Sec. 1816.
A person who knowingly or intentionally uses the proceeds of bonds issued under this act for a purpose other than a purpose for which the bonds were issued, as stated in the ballot proposal authorizing the issuance of the bonds, or who knowingly or intentionally permits or consents to such a misuse of the proceeds of bonds issued under this act, is guilty of a felony punishable by a fine in an amount equal to not more than 10% of the cost of the project involved in the violation or imprisonment for not more than 4 years, or both, but is not subject to the penalties of section 1804.
History: Add. 2004, Act 417, Eff. Mar. 30, 2005 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 4 - (380.1801...380.1853)
451-1976-4-32 - Part 32 Violations (380.1801...380.1816)
Section 380.1802 - Neglecting or Refusing to Transmit Report; Liability; Action at Law.
Section 380.1803 - Apportionment and Distribution of Money Collected or Received.
Section 380.1804 - Neglecting or Refusing to Perform Act; Violations; Penalty.
Section 380.1805 - Acting as Agent; Receiving Gift or Reward; Penalty.
Section 380.1806 - Neglecting or Refusing to Comply With Act; Dismissal; Cancellation of Contract.
Section 380.1807 - Violation of MCL 380.1316; Penalty.
Section 380.1808 - Disorderly Conduct at Meetings; Penalty.
Section 380.1809 - Improper Use of Certain Certificates or Credentials as Misdemeanor; Penalties.
Section 380.1811 - Illegal Voting; Penalty.
Section 380.1813 - Violation of Rule; Penalty.
Section 380.1815 - Competitive Bidding; Violation of Requirements as Misdemeanor; Penalty.
Section 380.1816 - Misuse of Proceeds; Violation as Felony; Penalty.