Mich. Comp. Laws » Michigan Compiled Laws / Chapter 380 / Act 451 of 1976
Michigan Compiled Laws

Mich. Comp. Laws § 380.1215 (2026)

Accounting for moneys; fund designations.

✓ current as of July 2026
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THE REVISED SCHOOL CODE


Act 451 of 1976


380.1215 Accounting for moneys; fund designations.

Sec. 1215.

    (1) Operating taxes shall be accounted for under the title of "general fund". The state board may establish other fund designations to clarify further the expenditure classifications for which general fund moneys may be used.

    (2) Library money shall be accounted for under the title of "library fund".

    (3) Building and site money shall be accounted for under the title of "building and site fund".

    (4) Taxes collected for retiring bonded indebtedness shall be accounted for as required by the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.

History: 1976, Act 451, Imd. Eff. Jan. 13, 1977 ;-- Am. 2002, Act 63, Imd. Eff. Mar. 15, 2002

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Act 451
Notes of Decisions
Cited in 1 case (1 in the last 5 years), 2026–2026 · leading case: Detroit Pub. Schs. Cmty. Dist. v. Dept of Treasury (Mich. Ct. App. 2026).
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Detroit Pub. Schs. Cmty. Dist. v. Dept of Treasury (Mich. Ct. App. 2026). · cites it 2× “The School Districts added that other statutes within the Revised School Code, such as MCL 380.1215(1), suggest that operating-tax revenues within a school district’s general fund must be available to repay its remaining outstanding debt.”
Mich. Comp. Laws § 380.1215(1): 1 case
Detroit Pub. Schs. Cmty. Dist. v. Dept of Treasury (Mich. Ct. App. 2026). “The School Districts added that other statutes within the Revised School Code, such as MCL 380.1215(1), suggest that operating-tax revenues within a school district’s general fund must be available to repay its remaining outstanding debt.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.