State Codes and Statutes
Statutes > Michigan > Chapter-388 > Act-92-of-2005 > Section-388-1932SCHOOL BOND QUALIFICATION, APPROVAL, AND LOAN ACT (EXCERPT)
Act 92 of 2005
388.1932 Failure to apply for prequalification, qualification, or approval of bond before issuance.
Sec. 12.
If a school district does not apply for prequalification or qualification or approval of a bond issue before the issuance of those bonds, the state treasurer shall not approve or qualify those bonds as qualified bonds under this act.
History: 2005, Act 92, Imd. Eff. July 20, 2005
