HOUSE BILL No. 4661

 

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).