MI HB6027

Allows sinking fund taxes authorized on or after March 29, 2017, to be used for school security improvements and technology acquisition/upgrading, in addition to real estate purchase and school building construction or repair.

Defines "school security improvement" to include capital improvements such as metal detectors, locks, doors, cameras, and emergency communication systems, plus personnel costs for security officers for taxes authorized after the bill's effective date.

Reduces maximum sinking fund tax rate from 5 mills (for pre-2017 authorizations) to 3 mills for taxes authorized on or after March 29, 2017.

Shortens maximum levy period from 20 years (pre-2017) to 10 years for sinking fund taxes authorized on or after March 29, 2017.

Requires school districts to conduct annual independent audits of sinking funds and submit reports to the Department of Treasury, with penalties including repayment of misused funds and prohibition on future levies if funds are used for unauthorized purposes.