Michigan Compiled Laws
451-1976-1-6E - Part 6e Schools of Excellence (380.551...380.561)
Section 380.555 - Liability for Debt Incurred by School of Excellence.

Sec. 555.
(1) An agreement, mortgage, loan, or other instrument of indebtedness entered into by a school of excellence and a third party does not constitute an obligation, either general, special, or moral, of this state or an authorizing body. The full faith and credit or the taxing power of this state or any agency of this state, or the full faith and credit of an authorizing body, may not be pledged for the payment of any school of excellence bond, note, agreement, mortgage, loan, or other instrument of indebtedness.
(2) This part does not impose any liability on this state or on an authorizing body for any debt incurred by a school of excellence.
History: Add. 2009, Act 205, Imd. Eff. Jan. 4, 2010 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 1 - (380.1...380.761)

451-1976-1-6E - Part 6e Schools of Excellence (380.551...380.561)

Section 380.551 - School of Excellence; Powers; Definitions.

Section 380.552 - Contracts; Limitation on Issuance; Requirements; Cyber Schools; Conversion of Public School Academy to School of Excellence; Organization and Administration; Authorizing Body; Application; Contents; Oversight; Suspension of Power to...

Section 380.553 - Schools of Excellence; Issuance of Contract; Petition to Place Question of Issuing Contract on Ballot; Submission; Resolution; Contents of Contract; Compliance With Applicable Law; Governmental Immunity; Exemption From Taxation; Ac...

Section 380.553a - Cyber School.

Section 380.553c - School of Excellence; Management Agreement With Educational Management Organization; Definitions.

Section 380.554 - Contract to Operate School of Excellence; Tax Levy; Use of Revenue.

Section 380.555 - Liability for Debt Incurred by School of Excellence.

Section 380.556 - Location; Configuration of Age or Grade Levels; Operation at More Than 1 Site; Tuition; Discrimination; Enrollment; Selection Process; Priority; Grades and Programs Offered.

Section 380.557 - School of Excellence; Powers.

Section 380.558 - School District Subject to Court Desegregation Order.

Section 380.559 - Use of Certificated Teachers; Use of Noncertificated Individuals; Development and Implementation of New Teaching Techniques or Methods.

Section 380.560 - Employing or Contracting With Personnel; Method of Compensation.

Section 380.560a - Medical, Optical, or Dental Benefits Provided to Employees; Compliance With Public Employees Health Benefit Act.

Section 380.561 - School of Excellence; Authorizing Body; Contract; Agreement; Fiscal Agent; Notice of Certain Conditions; Decision to Issue, Not Issue, or Reconstitute Contract, or Terminate or Revoke Contract; Corrective Measures; Transition of Aff...