http://michiganradio.org en http://michiganradio.org/post/new-law-guarantees-bonds-troubled-school-districts <p><a href="http://www.legislature.mi.gov/documents/2011-2012/billanalysis/Senate/pdf/2011-SFA-5194-F.pdf">Governor Snyder has signed legislation</a> he says will let financially-strapped school districts guarantee their bond payments&mdash;using state school aid funds.</p><p>The legislation applies to all school districts with deficit elimination plans or emergency managers. But it was written with the Detroit Public Schools in mind.</p><p>Detroit State Representative Fred Durhal, who sponsored the bill, says the new law should help set bondholders&rsquo; minds at ease.</p> Wed, 08 Feb 2012 04:17:22 +0000 Sarah Cwiek 6137 at http://michiganradio.org New law guarantees bonds for troubled school districts http://michiganradio.org/post/last-minute-bill-failure-could-spell-higher-costs-dps <p>A political fight in Lansing could mean tens of millions of dollars in un-budgeted borrowing costs for Detroit Public Schools over the next few years.</p> Mon, 26 Dec 2011 21:51:02 +0000 Laura Weber 5562 at http://michiganradio.org Last-minute bill failure could spell higher costs for DPS