State Codes and Statutes
Statutes > Michigan > Chapter-388 > Act-26-of-1982 > Section-388-816EMERGENCY FINANCIAL ASSISTANCE FOR CERTAIN SCHOOL DISTRICTS (EXCERPT)
Act 26 of 1982
***** 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
