Education: financing; interest-free loans to school districts and intermediate schools districts from the state's surplus funds; allow under certain circumstances. Amends 1855 PA 105 (MCL 21.141 - 21.147) by adding sec. 2g.

Summary

The bill lets the state lend money without interest to local school districts and intermediate school districts when specific criteria are met. It uses excess state funds to help districts cover capital projects or other approved expenses. This aims to reduce borrowing costs for schools while using surplus resources responsibly.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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