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Mich. Comp. Laws § 388.1611j

School loan bond redemption fund

Add. 2002, Act 191, Imd

Sec. 11j. From the state school aid fund money appropriated in section 11, there is allocated an amount not to exceed $23,000,000.00 for 2025-2026 for payments to the school loan bond redemption fund in the department of treasury on behalf of districts and intermediate districts. Notwithstanding section 296 or any other provision of this act, funds allocated under this section are not subject to proration and must be paid in full.

Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.