Contract to Operate School of Excellence; Tax Levy; Use of Revenue - Mich. Comp. Laws Section 380.554

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380.554 Contract to operate school of excellence; tax levy; use of revenue.

Sec. 554.

If a school district or intermediate school district applies for and obtains a contract to operate 1 or more schools of excellence under this part, the power of the school district or intermediate school district to levy taxes for any purpose under this act is not affected by the operation of a school of excellence by the school district or intermediate school district. Revenue from taxes levied by a school district or intermediate school district under this act or bonds issued by a school district or intermediate school district under this act may be used to support the operation or facilities of a school of excellence operated by the school district or intermediate school district in the same manner as that revenue may be used under this act by the school district or intermediate school district to support school district or intermediate school district operations and facilities. This section does not authorize a school district or intermediate school district to levy taxes or to issue bonds for any purpose that is not otherwise authorized under this act.

History: Add. 2009, Act 205, Imd. Eff. Jan. 4, 2010
Popular Name: Act 451

Section: Previous 380.529 380.551 380.552 380.552.amended 380.553 380.553a 380.553c 380.554 380.555 380.556 380.557 380.558 380.559 380.560 380.560a Next

Last modified: March 17, 2013

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Contract to Operate School of Excellence; Tax Levy; Use of Revenue - Mich. Comp. Laws Section 380.554