Michigan Compiled Laws, Chapter 380. School Code of 1976 § 380.1215
Current as of February 09, 2022 | Updated by FindLaw Staff
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Sec. 1215. (1) Operating taxes shall be accounted for under the title of “general fund”. The state board may establish other fund designations to clarify further the expenditure classifications for which general fund moneys may be used.
(2) Library money shall be accounted for under the title of “library fund”.
(3) Building and site money shall be accounted for under the title of “building and site fund”.
(4) Taxes collected for retiring bonded indebtedness shall be accounted for as required by the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.
Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 380. School Code of 1976 § 380.1215 - last updated February 09, 2022 | https://codes.findlaw.com/mi/chapter-380-school-code-of-1976/mi-comp-laws-380-1215.html
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