Michigan Office of Administrative Hearings and Rules
611 W. Ottawa Street
Lansing, MI 48909
Phone: 517-335-8658 Fax: 517-335-9512
AGENCY REPORT TO THE
JOINT COMMITEE ON ADMNINISTRATIVE RULES (JCAR)
1. Agency Information
Agency name:
Treasury
Division/Bureau/Office:
Bureau of State and Authority Finance
Name of person completing this form:
Janelle Sabin
Phone number of person completing this form:
517-335-4302
E-mail of person completing this form:
Name of Department Regulatory Affairs Officer reviewing this form:
Sarah Rowley
2. Rule Set Information
MOAHR assigned rule set number:
2020-104 TY
Title of proposed rule set:
School Bond Qualification, Approval, And Loan Rules
3. Purpose for the proposed rules and background:
General goal/ purpose of these rules are to provide a quick reference guide for school districts who
plan to obtain a qualified loan status or plan to borrow funds through the School Loan Revolving
Fund (SLRF) with the State. This rule change will ensure that guidelines in the Statute are not
duplicated in the Rules and ensure that all Rules are following Statute. Existing Rules will be updated
for clarification purposes of Statute.
4. Summary of proposed rules:
General goal and purpose of these rules are to provide a quick reference guide for school districts
who plan to obtain a qualified loan status or plan to borrow funds through the School Loan Revolving
Fund (SLRF) with the State. This rule change will ensure that guidelines in the Statute are not
duplicated in the Rules and ensure that all Rules follow the Statute. Existing Rules will be updated for
clarification purposes of the Statute.
5. List names of newspapers in which the notice of public hearing was published and
publication dates:
MCL 24.242 and 24.245