Introduced by Rep. Michael McCready R-Bloomfield Hills on February 19, 2013
To allow school districts to use “sinking fund” taxes for “upgrading of technology” or for “school security.” Under current law, sinking funds are permanent funds that may be used only for infrastructure-related spending including land purchases, construction and (major) school building repairs. Many bills have been introduced to get the restrictions expanded. Official Text and Analysis.
Referred to the House Education Committee on February 19, 2013