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Code · Michigan · Chapter 388 — Schools and School Aid

388.1764f Procurement of diesel fuel.

92 words·~1 min read·/mi/chapter-388/388-1764f

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388.1764f Procurement of diesel fuel.
Sec. 164f.
The intermediate board of an intermediate district, the board of a district, or the board of directors of a public school academy may use funds appropriated under this article to enter into a swap, hedge, derivative, or similar agreement in connection with the procurement of diesel fuel. However, not more than 25% of a district's, public school academy's, or intermediate district's annual diesel fuel budget may be procured in the manner allowed under this section.
History: Add. 2014, Act 196 , Eff. Oct. 1, 2014
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