Michigan Compiled Laws
Act 112 of 1961 - State Loans to School Districts (388.981 - 388.985)
Section 388.981c - Bonds and Notes; Revised Municipal Finance Act Inapplicable; Agency Financing Reporting Act Applicable.

Sec. 1c.
(1) Bonds and notes issued under this act are not subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.
(2) The issuance of bonds or notes under this act is subject to the agency financing reporting act.
History: Add. 2002, Act 449, Imd. Eff. June 17, 2002

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 388 - Schools and School Aid

Act 112 of 1961 - State Loans to School Districts (388.981 - 388.985)

Section 388.981 - State Loans to School Districts; Bonds, Notes, or Commercial Paper.

Section 388.981a - Issuance of Bonds by State Administrative Board.

Section 388.981b - Security for Payment or Purchase of Bonds, Notes, or Commercial Paper; Authorization and Approval by State Administrative Board; Authority of State Treasurer or Deputy Treasurer.

Section 388.981c - Bonds and Notes; Revised Municipal Finance Act Inapplicable; Agency Financing Reporting Act Applicable.

Section 388.982 - Sale of Refunding Bonds, Notes, or Commercial Paper; Disposition of Proceeds; Payment.

Section 388.983 - Appropriation for Payment of Principal and Interest on Bonds or Notes.

Section 388.984 - Money Repaid by School Districts on Loans From School Loan Revolving Fund; Deposit; Assignment of Loans or Repayments on Loans.

Section 388.985 - State Loans to School Districts; Notes.