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 […]
Section 388.1929 – Amount of Borrowing; Limitation; Payment Date for Outstanding Qualified Loans; Order; Maintenance of Separate Accounts for Each School District; Duration of Millage Levy; Amended and Restated Repayment Agreements; Waiver of Portion of Millage Levy; Findings; Interest; Final or Later Mandatory Repayment Date.
388.1929 Amount of borrowing; limitation; payment date for outstanding qualified loans; order; maintenance of separate accounts for each school district; duration of millage levy; amended and restated repayment agreements; waiver of portion of millage levy; findings; interest; final or later mandatory repayment date. Sec. 9. (1) Except as otherwise provided in this act, a school […]
Section 388.1930 – Certificates of Qualification or Approval; File; Delivery.
388.1930 Certificates of qualification or approval; file; delivery. Sec. 10. The state treasurer shall keep all certificates of qualification or approval in a permanent file and shall deliver copies of the certificates to the school district. History: 2005, Act 92, Imd. Eff. July 20, 2005
Section 388.1931 – Rules; Bulletins.
388.1931 Rules; bulletins. Sec. 11. The state treasurer may promulgate rules to implement this act pursuant to the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328, and may issue bulletins as authorized by this act. History: 2005, Act 92, Imd. Eff. July 20, 2005 ;– Am. 2012, Act 437, Eff. Mar. […]