Debt Service
It is the responsibility of the Superintendent to maintain all records of outstanding bonds and debts encumbered against the District. The Superintendent will keep this information readily available and report periodically to the Board on the condition of these accounts.
Sale of Bonds
The Board, in compliance with the laws of the state of Michigan, may borrow money and issue bonds on behalf of the District. Bonds will be advertised, prepared, and sold in conformance with Michigan law.
