Sec. 6.
Any person who shall knowingly make any false statement or conceal any material information for the purpose of obtaining a loan under the provisions of this act, or use the proceeds of a loan or any portion thereof for any purpose not authorized by this act shall be guilty of a felony.
History: 1955, Act 151, Imd. Eff. June 7, 1955
Structure Michigan Compiled Laws
Chapter 388 - Schools and School Aid
Act 151 of 1955 - State Loans to School Districts (388.931 - 388.938)
Section 388.931 - Purpose of Act.
Section 388.932 - State Loans to School Districts; Basis; Limitations.
Section 388.934 - State Loans to School Districts; Procedure; Receipts.
Section 388.935 - State Loans to School Districts; Repayment to State; Interest.
Section 388.936 - State Loans to School District; False Statements, Concealment; Penalty.
Section 388.938 - State Loans to School Districts; Qualification Fee; Rules and Regulations.