2009 Michigan Laws 388.816 – Expenditures not to exceed revenue; maintaining balanced budget
Current as of: 2009 | Check for updates
|
Other versions
Sec. 6.
The department shall take steps necessary to assure that the expenditures of a school district which receives an emergency loan under this act shall not exceed revenues on an annual basis and that the school district maintains a balanced budget.
History: 1982, Act 26, Imd. Eff. Mar. 4, 1982