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Home » US Law » 2022 Michigan Compiled Laws » Chapter 388 - Schools and School Aid » Act 151 of 1955 - State Loans to School Districts (388.931 - 388.938) » Section 388.936 – State Loans to School District; False Statements, Concealment; Penalty.
388.936 State loans to school district; false statements, concealment; penalty.

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