Section 388.1932 - Failure to apply for prequalification, qualification, or approval of bond before issuance.
SCHOOL BOND QUALIFICATION, APPROVAL, AND LOAN ACT (EXCERPT)
Act 92 of 2005
388.1932 Failure to apply for prequalification, qualification, or approval of bond before issuance.
Sec. 12.
If a school district does not apply for prequalification or qualification or approval of a bond issue before the issuance of those bonds, the state treasurer shall not approve or qualify those bonds as qualified bonds under this act.
History: 2005, Act 92, Imd. Eff. July 20, 2005