Michigan Compiled Laws § 388.820 Reorganization Of School District Defaulting In Repayment Of Loan; Recommendation.

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

388.820 Reorganization of school district defaulting in repayment of loan; recommendation.

Sec. 10.

A school district receiving an emergency loan under this act which defaults in repayment of the loan shall be reorganized by the state board following recommendation by the state committee.

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

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Last modified: October 10, 2016