Michigan Laws 388.1611j – School loan bond redemption fund; allocation
Current as of: 2024 | Check for updates
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Terms Used In Michigan Laws 388.1611j
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
From the state school aid fund money appropriated in section 11, there is allocated an amount not to exceed $111,000,000.00 for 2023-2024 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.