Section 388.820 - Reorganization of school district defaulting in repayment of loan; recommendation.
EMERGENCY FINANCIAL ASSISTANCE FOR CERTAIN SCHOOL DISTRICTS (EXCERPT)
Act 26 of 1982
***** 388.820 THIS SECTION DOES NOT APPLY AFTER JUNE 30, 1994: See 388.829 *****
388.820 Reorganization of school district defaulting in repayment of loan; recommendation.
Sec. 10.
A school district receiving an emergency loan under this act which defaults in repayment of the loan shall be reorganized by the state board following recommendation by the state committee.
History: 1982, Act 26, Imd. Eff. Mar. 4, 1982