Michigan SB0315 amends the state school aid act to allow sinking funds to be used for teacher housing.
Michigan SB0315 amends sections 11a, 1141, 1212, and 1351a of the 1976 Michigan School Aid Act to allow school districts to use sinking funds for teacher housing. This bill modifies the purposes for which sinking funds can be used, adding the construction or repair of buildings and facilities for housing public school employees. The bill also includes provisions for the levying of sinking fund taxes, the annual auditing of these funds, and the conditions under which these funds can be used.
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