Michigan Senate Weighs Bills to Fight Misuse of School Bonds

Carvlin, Elizabeth
September 2004
Bond Buyer;09/17/2004, Vol. 349 Issue 31971, p29
Trade Publication
The article reports that the Michigan Senate is considering legislation that would set sentencing guidelines for those found guilty of misusing school bond funds issued for intermediate school districts. It is just one of several measures that some lawmakers proposed in order to increase scrutiny of districts after a superintendent was accused of misusing tax revenues. The legislation includes a provision to limit the length of time of operating mill increases to 20 years, except for repaying bonds, which would be allowed for 30 years.


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