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Mackinac Center for Public Policy
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2006 House Bill 5709: Expand school "sinking fund" uses
  1. Introduced by Rep. Tom Casperson (R) on February 16, 2006, to allow school districts to use “sinking fund” taxes to purchase school buses and to acquire, install, or equip school buildings for "technology," which is narrowly defined in the bill to exclude software and training. Under current law, sinking funds are permanent funds that may be used only for the purchase of land, or construction and (major) repair of school buildings.
    • Referred to the House Education Committee on February 16, 2006.

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