April 25, 2007, Introduced by Rep. Lemmons and referred to the Committee on Education.
A bill to amend 1976 PA 451, entitled
"The revised school code,"
by amending section 416 (MCL 380.416), as amended by 2004 PA 303.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 416. (1) This section applies to a first class school
district only if the question under section 410 is not approved in
the first class school district.
(2) The officers of the first class school district board
shall
be a president, vice-president, secretary, and treasurer. The
Subject
to subsection (7), the board, a
majority of which shall
constitute
constitutes a quorum, shall elect its president and
vice-president biennially from among the members of the board. In
case of a vacancy in the office of president, the vice-president
shall succeed to the office of president for the balance of the
unexpired term. The secretary and treasurer shall be appointed by
the board but shall not be members of the board and shall receive a
salary fixed by the board.
(3) The president, vice-president, and secretary shall perform
the duties prescribed by the bylaws and regulations of the board.
The duties of the treasurer shall be determined by the school
district general superintendent, as approved by the board.
(4) The officers of the board who in the discharge of the
duties of their respective positions handle funds belonging to the
first class school district shall be required to give bonds for the
faithful performance of their duties in accordance with the bylaws
and regulations of the board. The premium of the bonds shall be
paid from the funds of the board.
(5) The school district treasurer shall have the custody of
all money belonging to the school district and shall pay out money
pursuant to section 433. The funds shall be deposited with
depositories selected by the board, and the interest derived shall
be paid into the general fund of the board.
(6) The board shall require from the school district treasurer
a separate bond of not less than $200,000.00 to protect the funds
of the board.
(7) All of the following apply to the board members elected by
the board in 2006 as president and vice president of the board:
(a) The initial term as president and vice president for each
of those board members is continued until a successor is elected by
the board for each in January of 2008.
(b) Successors for each of those officers as described in
subdivision (a) shall be elected biennially by the board as
provided under subsection (2).