Michigan Compiled Laws
451-1976-2-9 - Part 9 Consolidation of School Districts (380.851...380.871)
Section 380.860 - Submitting Questions of Assuming Bonded Indebtedness or Increasing Constitutional Limitation on Taxes; Form; Payment of Bonded Indebtedness; Applicability of MCL 380.864.

Sec. 860.
(1) If the petitions filed with a school district filing official under section 853 request submission of the question of assuming the bonded indebtedness of 1 or more of the school districts proposing consolidation, or the question of increasing the constitutional limitation on taxes of the consolidated school district for operating purposes to the school electors at the consolidation election, the school district filing official shall include the question or questions in the notice of the election ballot questions filed with each of the election units.
(2) A request for including assumption by the consolidated school district of the bonded indebtedness of 1 or more of the districts proposing consolidation shall be stated on the petition after the names of the school districts to be consolidated in substantially the following form:

(3) If the school electors approve the consolidation of school districts and the assumption of the bonded indebtedness of an original district, the consolidated school district shall assume the obligation of the bonded indebtedness. The consolidated school district shall pay the bonded indebtedness by spreading debt retirement taxes uniformly over the territory of the consolidated district. Section 864 applies to the debt retirement tax levies, the continuing obligations of the original school districts, and the rights and remedies of a bondholder.
History: 1976, Act 451, Imd. Eff. Jan. 13, 1977 ;-- Am. 2003, Act 299, Eff. Jan. 1, 2005 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)

451-1976-2-9 - Part 9 Consolidation of School Districts (380.851...380.871)

Section 380.851 - Consolidation of School Districts to Form Single School District.

Section 380.852 - Request to Initiate Consolidation Proceedings; Referral of Question by Intermediate Superintendent; Approval, Denial, or Other Action by State Board.

Section 380.853 - Petitions; Preparation; Form; Contents; Signature; Circulation; Return of Petitions to School District Filing Official; Expiration Date.

Section 380.854 - Certification of Number of Registered General Electors; Basis for Determining Required Number of Signatures; Registration After Date of Certification; Effect of Additional Registrations; Eligibility to Sign Petition.