Section 388.1938 – Use of Remaining Proceeds.
388.1938 Use of remaining proceeds. Sec. 18. If a school district has completed the projects approved by the school electors of the school district to be funded from proceeds of qualified bonds, a school district may use any remaining proceeds of the qualified bonds as follows: (a) To pay debt service on the qualified bonds. […]
Section 388.1939 – Actions by Designee.
388.1939 Actions by designee. Sec. 19. The state treasurer may designate in writing a person or persons to take any actions required to be taken by the state treasurer under this act. The signature of any designee shall have the same force and effect as the signature of the state treasurer for all purposes of […]
Section 388.1951 – Definitions.
388.1951 Definitions. Sec. 1. As used in this act: (a) “Debt or expenses repayment” means debt or expenses connected to a recipient’s student loans. (b) “Department” means the department of education. (c) “Designated recipient” means an individual who is enrolled in, and in good standing at, as determined by the program, a graduate-level mental health […]
Section 388.1925 – Preliminary Qualification; Application.
388.1925 Preliminary qualification; application. Sec. 5. (1) A school district may apply to the state treasurer for preliminary qualification of a proposed school bond issue by filing an application in the form and containing the information required by this act. (2) An application for preliminary qualification of a school bond shall contain all of the […]
Section 388.1953 – Student Mental Health Apprenticeship Retention and Training (Smart) Internship Grant Program; Designated Recipient Agreements; Payments; Qualification Requirements; Evaluations; Eligibility.
388.1953 Student mental health apprenticeship retention and training (SMART) internship grant program; designated recipient agreements; payments; qualification requirements; evaluations; eligibility. Sec. 3. (1) The department shall create and administer a student mental health apprenticeship retention and training (SMART) internship grant program to provide grants to designated recipients and to provide grants to field supervisors, field […]
Section 388.1926 – Prequalification of Bonds; Determination by State Treasurer.
388.1926 Prequalification of bonds; determination by state treasurer. Sec. 6. The state treasurer shall prequalify bonds of a school district if the state treasurer determines all of the following: (a) The issuance of additional qualified bonds will not prevent the school district from repaying its outstanding qualified bonds, the proposed bonds, all outstanding qualified loans, […]
Section 388.1955 – Promulgation of Rules.
388.1955 Promulgation of rules. Sec. 5. The department shall promulgate any rules necessary for the implementation of this act. History: 2022, Act 180, Imd. Eff. July 25, 2022
Section 388.1927 – Qualification of Bonds; Determination by State Treasurer; Order; Specifications; Loan Agreement; Failure to Issue Bonds Within Certain Time; Reapplication; Qualification of Refunding Bonds.
388.1927 Qualification of bonds; determination by state treasurer; order; specifications; loan agreement; failure to issue bonds within certain time; reapplication; qualification of refunding bonds. Sec. 7. (1) The state treasurer shall qualify bonds of a school district if the state treasurer determines all of the following: (a) A majority of the school district electors have […]
Section 388.1957 – Report.
388.1957 Report. Sec. 7. The department shall report to the house and senate appropriations subcommittees on the department of education, the house and senate fiscal agencies, the governor, and the advisory council described in section 31n of the state school aid act of 1979, 1979 PA 94, MCL 388.1631n, the status and outcomes of the […]
Section 388.1928 – Submission of Ballot to Electors; Ballot.
388.1928 Submission of ballot to electors; ballot. Sec. 8. A ballot submitted to the school electors of a school district after November 8, 2005 requesting authorization to issue unlimited tax general obligations that will be guaranteed by this state in accordance with section 16 of article IX of the state constitution of 1963 shall inform […]