FEF-R Capitalization Planning FEF-R
In all bonding programs, application may be made to the Department of Education to have the bonds qualified under the Michigan School Bond Loan Program to the extent possible.
The board may also submit propositions to the voters for a specific millage increase for capital improvements and borrow money and issue notes in anticipation of the collection of said taxes.
In order that bond issues may be planned and sold in the best interests of financial resources of the district, a financial consultant may be employed to assist in the overall financial planning and assist in marketing the bonds. Such consultants shall be employed for specific issues at a specific contract price.