House Bill 5351 Summary

• Amends the Revised School Code to include references to financial management teams alongside emergency managers in provisions governing school district borrowing and low-performing school intervention.

• Modifies Section 1225 to clarify that school districts with either an emergency manager or financial management team appointed under the Local Financial Stability and Choice Act may enter into agreements with the Michigan Finance Authority for direct payment of state school aid to cover note obligations.

• Updates Section 1280c to specify that schools in districts with an emergency manager or financial management team in place are exempt from being placed under state school reform/redesign officer supervision for low achievement.

• Changes mandatory language from "shall" to "must" in various provisions for grammatical consistency throughout the amended sections.

• Takes effect 90 days after enactment and is contingent on passage of HB 5337.