School Bond Qualification, Approval, and Loan Act
Index
- MCL 388.1921 Short Title
- MCL 388.1922 Purpose of Act
- MCL 388.1923 Definitions
- MCL 388.1924 Qualification of New Bonds; Terms and Conditions Applicable to Outstanding Qualified Bonds; Application For Prequalification
- MCL 388.1925 Preliminary Qualification; Application
- MCL 388.1926 Prequalification of Bonds; Determination By State Treasurer
- MCL 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
- MCL 388.1928 Submission of Ballot to Electors; Ballot
- MCL 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
- MCL 388.1930 Certificates of Qualification Or Approval; File; Delivery
- MCL 388.1931 Rules; Bulletins
- MCL 388.1932 Failure to Apply For Prequalification, Qualification, Or Approval of Bond Before Issuance
- MCL 388.1933 School District Owing Revolving Loan Fund; Filing Annual Loan Activity Application Required; Borrowing For Debt Service On Qualified Bonds; Draw Request; Duties of State Treasurer Upon Receipt of Qualified Loan Confirmation; Notification of No Need to Borrow By School District; Invoice For Repayment Amount; Remittance
- MCL 388.1934 Failure of School District to Pay Principal and Interest Due On Qualified Bonds; Notice; Payment By State Treasurer; Billing of School District For Amount Paid; Remittance
- MCL 388.1935 Default; Repayment
- MCL 388.1936 Charging and Disposition of Fees
- MCL 388.1937 False Statement Or Unauthorized Use of Proceeds; Violation As Felony; Penalty
- MCL 388.1938 Use of Remaining Proceeds
- MCL 388.1939 Actions By Designee