Act 92 of 2005 School Bond Qualification, Approval, and Loan Act (388.1921 - 388.1939)

Act 92 of 2005 School Bond Qualification, Approval, and Loan Act (388.1921 - 388.1939)

Section 388.1921 Short Title.
Section 388.1922 Purpose of Act.
Section 388.1923 Definitions.
Section 388.1924 Qualification of New Bonds; Terms and Conditions Applicable to Outstanding Qualified Bonds; Application for Prequalification.
Section 388.1925 Preliminary Qualification; Application.
Section 388.1926 Prequalification of Bonds; Determination by State Treasurer.
Section 388.1927 Qualification of Bonds; Determination by State Treasurer; Order; Specifications; Loan Agreement; Failure to Issue Bonds Within Certain Time; Reapplication; Qualification of Refunding Bonds.
Section 388.1928 Submission of Ballot to Electors; Ballot.
Section 388.1929 Amount of Borrowing; Limitation; Payment Date for Outstanding Qualified Loans; Order; Maintenance of Separate Accounts for Each School District; Duration of Millage Levy; Amended and Restated Repayment Agreements; Waiver of Portion of Millage Levy; Findings; Interest; Final or Later Mandatory Repayment Date.
Section 388.1930 Certificates of Qualification or Approval; File; Delivery.
Section 388.1931 Rules; Bulletins.
Section 388.1932 Failure to Apply for Prequalification, Qualification, or Approval of Bond Before Issuance.
Section 388.1933 School District Owing Revolving Loan Fund; Filing Annual Loan Activity Application Required; Borrowing for Debt Service on Qualified Bonds; Draw Request; Duties of State Treasurer Upon Receipt of Qualified Loan Confirmation; Notification of No Need to Borrow by School District; Invoice for Repayment Amount; Remittance.
Section 388.1934 Failure of School District to Pay Principal and Interest Due on Qualified Bonds; Notice; Payment by State Treasurer; Billing of School District for Amount Paid; Remittance.
Section 388.1935 Default; Repayment.
Section 388.1936 Charging and Disposition of Fees.
Section 388.1937 False Statement or Unauthorized Use of Proceeds; Violation as Felony; Penalty.
Section 388.1938 Use of Remaining Proceeds.
Section 388.1939 Actions by Designee.

We have updated our Terms of Service, Privacy Policy, and Disclosures. By continuing to browse this site, you agree to our Terms of Service, Privacy Policy, and Disclosures.

Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal insurance products you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.

LegalFix provides its members with access to legal services through a network of provider law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.

The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our provider law firms.

You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your provider law firm.

The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.

Use of this website, the purchase of legal insurance products, and access to the LegalFix network of provider law firms are subject to the LegalFix Terms of Service and Privacy Policy.

Bookish