SB 0315
Education: financing; sinking funds to be used for teacher housing; allow. Amends secs. 11a, 1141, 1212 & 1351a of 1976 PA 451 (MCL 380.11a et seq.).
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill allows school districts to create sinking funds specifically for teacher housing. It amends existing state law to enable districts to use these funds for acquiring, constructing, maintaining, and renovating housing for teachers. The bill also clarifies the powers of general powers school districts and addresses borrowing limitations related to technology purchases. It expands the use of sinking funds to include acquiring property for teacher housing.
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