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Home » US Law » 2022 Michigan Compiled Laws » Chapter 388 - Schools and School Aid » Act 92 of 2005 - School Bond Qualification, Approval, and Loan Act (388.1921 - 388.1939) » Section 388.1932 – Failure to Apply for Prequalification, Qualification, or Approval of Bond Before Issuance.
388.1932 Failure to apply for prequalification, qualification, or approval of bond before issuance.

Sec. 12.

If a school district does not apply for prequalification or qualification or approval of a bond issue before the issuance of those bonds, the state treasurer shall not approve or qualify those bonds as qualified bonds under this act.

History: 2005, Act 92, Imd. Eff. July 20, 2005