Education: financing; sinking funds to be used for teacher housing; allow. Amends secs. 11a, 1141, 1212 & 1351a of 1976 PA 451 (MCL 380.11a et seq.).

Senate Bill 315 amends Michigan's revised school code. The bill specifically allows school districts to use their existing sinking funds for the purpose of providing housing for teachers. This expands the permissible uses of these funds, which are typically designated for capital projects like construction or repairs. The change offers school districts a new mechanism to finance housing options for their teachers.