Michigan Office of Administrative Hearings and Rules  
Administrative Rules Division (ARD)  
611 W. Ottawa Street  
Lansing, MI 48909  
Phone: 517-335-8658 Fax: 517-335-9512  
REQUEST FOR RULEMAKING (RFR)  
1. Department:  
Treasury  
2. Bureau:  
Bureau of State and Authority Finance  
3. Promulgation type:  
Full Process  
4. Title of proposed rule set:  
School Bond Qualification, Approval, And Loan Rules  
5. Rule numbers or rule set range of numbers:  
R 388.1 to R 388.22  
6. Estimated time frame:  
12 months  
Name of person filling out RFR:  
Janelle Sabin  
E-mail of person filling out RFR:  
SabinJ1@michigan.gov  
Phone number of person filling out RFR:  
517-335-4302  
Address of person filling out RFR:  
430 W. Allegan St, Lansing, MI 48909  
7. Describe the general purpose of these rules, including any problems the changes are intended  
to address.  
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.  
8. Please cite the specific promulgation authority for the rules (i.e. department director,  
commission, board, etc.).  
2005 PA 92 directs at section 11, MCL 388.1931 that “The state treasurer may promulgate rules to  
implement this act pursuant to the administrative procedures act of 1969, 1969 PA 306, MCL  
24.201 to 24.328, and may issue bulletins as authorized by this act.”  
A. Please list all applicable statutory references (MCLs, Executive Orders, etc.).  
MCL 388.1931 of the School Bond Qualification, Approval, and Loan Act, MCL 388.1921 to  
388.1939.  
B. Are the rules mandated by any applicable constitutional or statutory provision? If so, please  
explain.  
The rules are not mandated. MCL 388.1931 directs that the State Treasurer may promulgate rules.  
MCL 24.239  
RFR-Page 2  
9. Please describe the extent to which the rules conflict with or duplicate similar rules,  
compliance requirements, or other standards adopted at the state, regional, or federal level.  
Parts of R 388.2 duplicate MCL 388.1925. R 388.3 duplicates some of MCL 388.1927. R 388.6  
contradicts sections of the School Bond Qualification, Approval and Loan Act (Act) MCL  
388.1921 to 388.1939. R 388.10 duplicates sections of the Act. R 388.11 duplicates sections of  
the Act. R 388.12 duplicates sections of the Act. R 388.12 duplicates sections of the Act. R  
388.13 duplicates some of MCL 388.1935. R 388.20 duplicates some of MCL 388.1938.  
10. Is the subject matter of the rules currently contained in any guideline, handbook, manual,  
instructional bulletin, form with instructions, or operational memoranda?  
Yes, the subject matter for some of these rules is contained in guidelines, applications forms and  
instructions.  
11. Are the rules listed on the department’s annual regulatory plan as rules to be processed  
for the current year?  
No  
12. Will the proposed rules be promulgated under Section 44 of the Administrative Procedures  
Act, 1969 PA 306, MCL 24.244, or under the full rulemaking process?  
Full Process  
13. Please describe the extent to which the rules exceed similar regulations, compliance  
requirements, or other standards adopted at the state, regional, or federal level.  
The statute gives exclusive authority to the Bureau of State and Authority Finance to administer  
and enforce the School Bond Loan Program. So, no other Michigan or federal regulations apply.  
14. Do the rules incorporate the recommendations received from the public regarding any  
complaints or comments regarding the rules? If yes, please explain.  
No, the Bureau of State and Authority Finance has not received any complaints or comments from  
the public regarding the rules.  
15. If amending an existing rule set, please provide the date of the last evaluation of the rules  
and the degree, if any, to which technology, economic conditions, or other factors have changed  
the regulatory activity covered by the rules since the last evaluation.  
The last evaluation of the rules was October 1, 2014. Since that time no factors such as  
technology, or economic conditions have changed the regulatory activity covered by the rules.  
16. Are there any changes or developments since implementation that demonstrate there is no  
continued need for the rules, or any portion of the rules?  
No, the rules continue to be needed for the implementation, administration, and enforcement of the  
Act.  
17. Is there an applicable decision record (as defined in MCL 24.203(6) and required by MCL  
24.239(2))? If so, please attach the decision record.  
No  
MCL 24.239  
;