Emergency-related state tax relief available for taxpayers located in multiple counties of Michigan impacted by severe weather.
Learn About Disaster Relief
State Debt Issued to Finance Qualified Loans
2025 School Bond Qualification and Loan Program Annual Report
State Debt Issued to Finance Qualified Loans
Act 112 of 1961 authorizes the state to issue bonds or notes to provide funds for making loans to school districts for payment of principal and interest on qualified school bonds.
From 1956 to 2006 and again from 2009 to 2013, the state issued general obligation school loan bonds and notes to finance loans to school districts which enabled them to pay principal and interest on their qualified school debt.The school loan bonds are general obligation debt of the state, and the full faith and credit of the state has been pledged to the payment of the principal and interest on the bonds.
The amount of state obligation debt outstanding on these bonds was $135 million on September 30, 2025. See Appendix D for a historical listing of state debt issued for qualified school loans.