Michigan § 388.937 - State loans to school district; levy; default, nondistribution of primary school interest or school aid funds.
Full text of Michigan Michigan Compiled Laws § 388.937 — State loans to school district; levy; default, nondistribution of primary school interest or school aid funds., with citation guidance and answers to common questions.
§ 388.937. State loans to school district; levy; default, nondistribution of primary school interest or school aid funds.
In case any school district obtaining a loan pursuant to this act shall fail to levy at least 13 mills upon its state equalized valuation for debt retirement purposes while any part of such loan is unpaid, or shall default in its agreement to repay the loan or any installment thereof, no money shall be distributed to such school district out of the primary school interest fund or out of the state school aid fund until satisfactory arrangements have been made with the superintendent of public instruction for the payment of the amount in default.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 388.937
What does Michigan Compiled Laws § 388.937 cover?
Section 388.937 ("State loans to school district; levy; default, nondistribution of primary school interest or school aid funds.") 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 § 388.937?
A common citation format is "Michigan Compiled Laws § 388.937" (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 § 388.937 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.