Bill Text: MI HB4483 | 2013-2014 | 97th Legislature | Introduced
Bill Title: Education; financing; use of sinking fund; allow for acquiring or upgrading technology. Amends sec. 1212 of 1976 PA 451 (MCL 380.1212).
Spectrum: Partisan Bill (Democrat 9-0)
Status: (Introduced - Dead) 2013-03-21 - Printed Bill Filed 03/20/2013 [HB4483 Detail]
Download: Michigan-2013-HB4483-Introduced.html
HOUSE BILL No. 4483
March 20, 2013, Introduced by Reps. Knezek, Zemke, Slavens, LaVoy, Geiss, Singh, McCann, Cavanagh and Driskell and referred to the Committee on Education.
A bill to amend 1976 PA 451, entitled
"The revised school code,"
by amending section 1212 (MCL 380.1212), as amended by 2003 PA
299.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
1 Sec. 1212. (1) If approved by the school electors of the
2 school district, the board of a school district may levy a tax of
3 not to exceed 5 mills on the state equalized valuation taxable
4 value of the real and personal property of the school district
5 each year for a period of not to exceed 20 years, for the purpose
6 of creating a sinking fund to be used for the purchase of real
7 estate for sites for, and the construction or repair of, school
8 buildings or for the acquisition or upgrading of technology. The
9 sinking fund tax levy is subject to the 15 mill tax limitation
10 provisions of section 6 of article IX of the state constitution
1 of 1963 and the property tax limitation act, 1933 PA 62, MCL
2 211.201 to 211.217a.
3 (2) A school district that levies a sinking fund tax under
4 this section shall have an independent audit of its sinking fund
5 conducted annually, including a review of the uses of the sinking
6 fund, and shall submit the audit report to the department of
7 treasury. If the department of treasury determines from the audit
8 report that the sinking fund has been used for a purpose other
9 than those authorized for the sinking fund under this section,
10 the school district shall repay the misused funds to the sinking
11 fund from the school district's operating funds and shall not
12 levy a sinking fund tax under this section after the date the
13 department of treasury makes that determination.
14 (3) (2) The proposition of levying a sinking
fund tax shall
15 be submitted to the school electors of the school district at a
16 regular or special school election.
17 (4) (3) The question of levying taxes for the
purpose of
18 creating a sinking fund shall be by ballot in substantially the
19 following form:
20 "Shall _______________________________ levy _______ mills
21 (legal name of school district)
22 to create a sinking fund for the purpose of ___________________
23 _______________________________________________________________
24 for a period of _____ years?
25 Yes ( )
26 No ( )".
1 (5) (4) For the purposes of this section,
millage approved
2 by the school electors before December 1, 1993 for which the
3 authorization has not expired is considered to be approved by the
4 school electors.
5 (6) As used in this section, "technology" means that term as
6 defined in section 1351a.