Education: financing; interest-free loans to school districts and intermediate schools districts from the state's surplus funds; allow under certain circumstances. Amends 1855 PA 105 (MCL 21.141 - 21.147) by adding sec. 2g.

This bill allows the state treasurer to give interest-free loans to school districts and intermediate school districts if the state budget is not passed by October 1st. These loans cannot be more than what the district received from the school aid fund in the same month the previous year and must be paid back within one year. This helps schools continue to operate if the state budget is delayed.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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