™Your Policy Risk Impact Agent
84 chapters · 650 sections in this title.
Mich. Comp. Laws § 388.931 Purpose of act.
0.2K chars
Sec. 1. This act is for the purpose of implementing section 27 of article 10 of the Michigan constitution, adopted by the electors of the state at the election held on the fourth day of April, 1955, hereinafter referred to as section 27.
Mich. Comp. Laws § 388.932 State loans to school districts; basis; limitations.
0.6K chars
Sec. 2. If the minimum amount necessary to be levied in any calendar year for the payment of principal and interest on the bonds of a school district issued prior to July 1, 1962, after deducting any funds pledged to and available for the payment thereof, shall exceed 13 mills on…
Mich. Comp. Laws § 388.933 State loans to school districts; qualification of bonds by superintendent of public instruction.
5.0K chars
Sec. 3. The principal and interest on any issue of school district bonds issued prior to May 4, 1955, shall be automatically included in computing the amount to be loaned by the state under said section 27 and this act, but the principal and interest on any issue of school distri…
Mich. Comp. Laws § 388.934 State loans to school districts; procedure; receipts.
3.3K chars
Sec. 4. In any school district where the amount necessary to be levied in any calendar year for principal and interest on qualified bonds, shall exceed 13 mills on each dollar of its assessed valuation as last equalized by the state, such school district on or before 60 days prio…