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Mackinac Center for Public Policy
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2013 House Bill 5099: Liberalize school debt repayment requirements
  1. Introduced by Rep. Roger Victory (R) on October 23, 2013, to eliminate a requirement that school districts must pay back their debt to a state School Bond Loan Fund by a “final repayment date” determined for each district by the state treasurer. The requirement was instituted by a 2005 law to fix the problem of districts extending debt on old projects by combining with additional borrowing for new projects.
    • Referred to the House Financial Liability Reform Committee on October 23, 2013.

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