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.
Failure to apply for prequalification, qualification, or approval of bond before issuance.
Mich. Comp. Laws § 388.1932, under SCHOOL BOND QUALIFICATION, APPROVAL, AND LOAN ACT.
Mich. Comp. Laws § 388.1932