Search

1 to 10 of 22 results

Filtered by

  • “sinking funds”

2023 Senate Bill 63 / Public Act 26

Education: financing; use of school sinking fund; allow for school transportation.

Mackinac Center Analysis

Amends section 1212 (MCL 380.1212) of the Revised School Code. Section 1212 specifies the purposes for which a sinking fund tax, if approved by voters, may be used. Under current law, depending on the date of authorization, the sinking fund tax may be used for the purchase of real estate for the construction of school buildings, repair of school buildings, improvement of school security, and/or purchase of technology resources and upgrades. As passed by the Senate, in addition to the aforementioned items, SB 63 would allow a sinking fund tax to be used for the purchase of student transportation vehicles, maintenance equipment for those vehicles, trucks and vans under the Michigan Vehicle Code to carry equipment and personnel for the maintenance of school buildings, and maintenance equipment for those trucks and vans. If passed, SB 63 could lead to an increase in sinking fund millage rates and/or the number of districts creating sinking funds.

2013 House Bill 4368

Expand school “sinking fund” uses

2013 House Bill 4281

Expand school “sinking fund” uses to include technology and security

2013 Senate Bill 99

Expand school “sinking fund” uses to include security

2010 Senate Bill 1163 / Public Act 110

Appropriations: 2010-2011 school aid budget

2010 Senate Bill 1059

Allow expanded “sinking fund” use for certain school districts

2009 House Bill 4313

Authorize 3-mill property tax increase for school buses and computers

2009 Senate Bill 84

Expand school “sinking fund” uses

2008 Senate Bill 1517 / Public Act 308

Allow local governments to invest in CD Account Registry Service programs

2007 House Bill 4141

Expand school “sinking fund” uses