Michigan § 388.1622k - School transportation fund.
Full text of Michigan Michigan Compiled Laws § 388.1622k — School transportation fund., with citation guidance and answers to common questions.
§ 388.1622k. School transportation fund.
(1) The school transportation fund is created as a separate account within the state school aid fund for the purpose of supporting district transportation costs.
(2) The state treasurer may receive money or other assets from any source for deposit into the school transportation fund. The state treasurer shall direct the investment of the school transportation fund. The state treasurer shall credit to the school transportation fund interest and earnings from school transportation fund investments.
(3) Money in the school transportation fund at the close of the fiscal year remains in the school transportation fund and does not lapse to the state school aid fund or the general fund.
(4) The department of treasury is the administrator of the school transportation fund for auditing purposes.
(5) Money available in the school transportation fund must not be expended without a specific appropriation.
(6) For the fiscal year ending September 30, 2026 only, $130,000,000.00 from the state school aid fund must be deposited into the school transportation fund.
Frequently Asked Questions About Michigan § 388.1622k
What does Michigan Compiled Laws § 388.1622k cover?
Section 388.1622k ("School transportation fund.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 388.1622k?
A common citation format is "Michigan Compiled Laws § 388.1622k" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 388.1622k apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.