Michigan Compiled Laws Act 26 Of 1982 Emergency Financial Assistance For Certain School Districts (388.811 - 388.829)***** Act 26 Of 1982 This Act Does Not Apply After June 30, 1994: See 388.829 *****

• Section 388.811 Definitions.
  388.811 Definitions. Sec. 1. As used in this act: (a) “Board” means the governing body of a local school district. (b) “Constituent district” means a...
• Section 388.812 Procedures.
  388.812 Procedures. Sec. 2. The procedures provided by this act may be used notwithstanding provisions of law to the contrary. History: 1982, Act 26, Imd....
• Section 388.813 Emergency Loan; Eligibility Criteria; Certification; Certified Audit.
  388.813 Emergency loan; eligibility criteria; certification; certified audit. Sec. 3. (1) When taxes levied for operating purposes against property constituting at least 30% of the...
• Section 388.814 Emergency Loan; Application; Recommendation; Warrant.
  388.814 Emergency loan; application; recommendation; warrant. Sec. 4. The board of a school district meeting the criteria of section 3 may apply to the department...
• Section 388.815 Notes; Issuance; Maturity; Interest Rate; Payment; Review And Approval Of Balanced Budget; Repayment; Monthly Expenditure Report.
  388.815 Notes; issuance; maturity; interest rate; payment; review and approval of balanced budget; repayment; monthly expenditure report. Sec. 5. The board of a school district...
• Section 388.816 Expenditures Not To Exceed Revenue; Maintaining Balanced Budget.
  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...
• Section 388.817 Reorganization Of School District Not Levying Minimum Mills; Recommendation.
  388.817 Reorganization of school district not levying minimum mills; recommendation. Sec. 7. A school district not levying a minimum of 30 mills for operating purposes...
• Section 388.818 Reorganization Of School District Certified As Not Able To Balance Budget; Recommendation.
  388.818 Reorganization of school district certified as not able to balance budget; recommendation. Sec. 8. If, upon application for an emergency loan, a board certifies...
• Section 388.819 Reorganization Of School District Not Balancing Budget In Following Fiscal Year; Recommendation.
  388.819 Reorganization of school district not balancing budget in following fiscal year; recommendation. Sec. 9. A school district receiving an emergency loan under this act...
• Section 388.820 Reorganization Of School District Defaulting In Repayment Of Loan; Recommendation.
  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...
• Section 388.821 Reorganization Of School District; Hearing; Notice; Recommendations.
  388.821 Reorganization of school district; hearing; notice; recommendations. Sec. 11. Before the reorganization of a school district under this act, the state committee shall hold...
• Section 388.822 Existence Of Conditions Warranting Reorganization Of School District; Determination; Transmitting Report With Recommendations.
  388.822 Existence of conditions warranting reorganization of school district; determination; transmitting report with recommendations. Sec. 12. Within 20 days after receipt of a transcript of...
• Section 388.823 Report And Recommendations Of State Committee; Publication; Objections Or Comments; Consideration Of Report; Determination As To Indorsement.
  388.823 Report and recommendations of state committee; publication; objections or comments; consideration of report; determination as to indorsement. Sec. 13. The state board shall publish...
• Section 388.824 Reorganization Of School District With 1 Or More Contiguous Districts To Provide Equitable Educational Opportunity; Effective Date; Finality.
  388.824 Reorganization of school district with 1 or more contiguous districts to provide equitable educational opportunity; effective date; finality. Sec. 14. The state board, upon...
• Section 388.825 Bonded Indebtedness Of Reorganized School District; Territory Of School District As Assessing Unit; Board Of Trustees; Officers; Refinancing Of Original Bonds; Responsibility; Certifying And Ordering Levy Of Taxes.
  388.825 Bonded indebtedness of reorganized school district; territory of school district as assessing unit; board of trustees; officers; refinancing of original bonds; responsibility; certifying and...
• Section 388.826 Assumption And Payment Of Bonded Indebtedness; Approval Of Electors; Final Responsibility; Certifying And Ordering Levy Of Taxes; Holding Election.
  388.826 Assumption and payment of bonded indebtedness; approval of electors; final responsibility; certifying and ordering levy of taxes; holding election. Sec. 16. Beginning 3 years...
• Section 388.827 Compliance With Mcl 380.1284; Removal Of Board Member.
  388.827 Compliance with MCL 380.1284; removal of board member. Sec. 17. (1) The board of a school district receiving an emergency loan under this act...
• Section 388.828 School Emergency Loan Revolving Fund; Creation; Purpose; Warrant; Transfer Of Repayments To General Fund; Appropriation.
  388.828 School emergency loan revolving fund; creation; purpose; warrant; transfer of repayments to general fund; appropriation. Sec. 18. (1) The school emergency loan revolving fund...
• Section 388.829 Applicability Of Loan Provisions And Act.
  388.829 Applicability of loan provisions and act. Sec. 19. (1) The loan provisions of this act shall not apply after June 30, 1983. (2) This...

Last modified: October 10, 2016