Section 388.672 - School district taxes paid under protest; credit obtained by district lien; payment to school aid fund. - Michigan Statutes

SCHOOL AID (EXCERPT)
Act 230 of 1964

388.672 School district taxes paid under protest; credit obtained by district lien; payment to school aid fund.

Sec. 2.

Whenever taxes levied by a board of education of a school district for operating purposes against property constituting at least 10% of the district's valuation, as defined and computed in accordance with the provisions of Act No. 312 of the Public Acts of 1957, as amended, being section 388.611 to section 388.652 of the Compiled Laws of 1948, are paid under protest and are placed in escrow and are thus unavailable to the district, the total valuation of the district for the purposes of the above act shall be reduced by the valuation of such property. The credit so obtained by a district in the application of the school aid formula provided in the above act shall forever be a lien against the district and shall be immediately paid by the treasurer of the school district to the state school aid fund from the taxes referred to above at such time as the taxes are collected by the district.

History: 1964, Act 230, Imd. Eff. May 22, 1964