Michigan § 388.922 School loan bonds or notes; deposit of proceeds.

Michigan Statutes

§ 388.922 — School loan bonds or notes; deposit of proceeds.

Michigan § 388.922

Ch. 388SCHOOLS AND SCHOOL AID

Act 74 of 1955STATE LOANS TO SCHOOL DISTRICTS (388.921-388.925)

This text of Michigan § 388.922 (School loan bonds or notes; deposit of proceeds.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 388.922 (2026).

Text

STATE LOANS TO SCHOOL DISTRICTS (EXCERPT) Act 74 of 1955 388.922 School loan bonds or notes; deposit of proceeds. Sec.

2.The proceeds of sale of the bonds or notes shall be deposited in the state treasury, and shall constitute a fund to be known as "the school bond loan fund", hereby created in the state treasury as a special trust fund, and shall be paid out in no other manner or for any other purpose than provided in section 27 of article 10 of the constitution of Michigan and laws enacted pursuant thereto.

Free access — add to your briefcase to read the full text and ask questions with AI

STATE LOANS TO SCHOOL DISTRICTS (EXCERPT) Act 74 of 1955 388.922 School loan bonds or notes; deposit of proceeds. Sec. 2. The proceeds of sale of the bonds or notes shall be deposited in the state treasury, and shall constitute a fund to be known as "the school bond loan fund", hereby created in the state treasury as a special trust fund, and shall be paid out in no other manner or for any other purpose than provided in section 27 of article 10 of the constitution of Michigan and laws enacted pursuant thereto.

Legislative History

1955, Act 74, Imd. Eff. May 26, 1955 ;-- Am. 1956, Act 192, Imd. Eff. Apr. 26, 1956 Compiler's Notes: In this section, “section 27 of article 10 of the constitution” refers to the Constitution of 1908. See now Const. 1963, Art. IX, § 16.