February 28, 2007, Introduced by Reps. Hansen, Booher, Nofs, Casperson, Moore, Agema and Calley and referred to the Committee on Intergovernmental, Urban and Regional Affairs.
A bill to amend 1988 PA 265, entitled
"District library financing act,"
by amending section 8 (MCL 397.288), as amended by 1989 PA 25.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 8. If a majority of the qualified electors of a district
voting on the question of issuing bonds approves the issuance, or
if bonds are otherwise issued pursuant to section 5, the board, by
resolution, shall authorize and levy the taxes necessary to pay the
principal of and interest on the bonds. The taxes shall be levied
and collected with the nonallocated county taxes. If, pursuant to
section 5, the bonds are issued without submission of the question
of the bond issue to the electors, the board shall not authorize or
levy a tax that exceeds the tax levy authorized by a vote of the
qualified electors of the district as provided in sections 13 to 23
of the district library establishment act.