Michigan Compiled Laws § 388.816 Expenditures Not To Exceed Revenue; Maintaining Balanced Budget.

***** 388.816 THIS SECTION DOES NOT APPLY AFTER JUNE 30, 1994: See 388.829 *****

388.816 Expenditures not to exceed revenue; maintaining balanced budget.

Sec. 6.

The department shall take steps necessary to assure that the expenditures of a school district which receives an emergency loan under this act shall not exceed revenues on an annual basis and that the school district maintains a balanced budget.

History: 1982, Act 26, Imd. Eff. Mar. 4, 1982

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Last modified: October 10, 2016