Mich. Admin. Code R. 388.21
Current through Vol. 24-19, November 1, 2024
Rule 21. If a school district with an outstanding qualified loan balance can demonstrate to the satisfaction of the department that repayment in full of the outstanding qualified loan balance will be achieved in the school districts next fiscal year by levying a millage that is less than 7 mills, or less than the computed millage stated on the school districts most recent order qualifying bonds or loan agreement, then the department shall not object to the school district certifying a levy for that supported lesser millage amount.
Mich. Admin. Code R. 388.21