Michigan · Statutes

Act Act-105-of-1855

12 sections

Mich. Comp. Laws § 21.141Loan to eligible municipality; approval; compliance; warrant; limitation on total amount of loans; sale, assignment, transfer, or repurchase of loans; "board" defined.
Mich. Comp. Laws § 21.142aInvestment of surplus funds; conditions and restrictions; valid public purpose; approval of documentation; agricultural loans; disposition of earnings; reducing general fund by amount of interest deficiency or loss of principal; terms of certain investments; compliance; separate reports; definitions; value of qualified agricultural loans; deduction of grant; use of existing deposits for loans to farmers; appropriation; reduction of maximum amount of investments; effect of money not invested for qualified agricultural loans; action to ensure successful operation of section; disposition of affidavit; use of federal grant.
Mich. Comp. Laws § 21.142bInvestment of surplus funds; terms and conditions; valid public purpose; investment agreement; amount of investment; earnings; list of eligible projects; conditions to approval of eligible project; duty of director and state treasurer; definitions; effect of general obligation bonds; use of bond proceeds to promote solid waste management.
Mich. Comp. Laws § 21.142cInvestment of surplus funds; public purpose; earnings; losses; limitation.
Mich. Comp. Laws § 21.142dInvestment of surplus funds to facilitate marina dredging loans.
Mich. Comp. Laws § 21.142eLoan of surplus funds to sugar beet growers' cooperative.
Mich. Comp. Laws § 21.142fInvestment in loans to land bank fast track authority or brownfield redevelopment authority; terms; definitions.
Mich. Comp. Laws § 21.143Financial institution as depository of surplus funds; compliance; location of principal office; security; rate of return; investment and use of surplus funds; disposition of earnings from loans; loss of principal or interest; reduction of earnings; investment in securities of no-load open-end or closed-end management type investment company or investment trust.
Mich. Comp. Laws § 21.144Liability of state treasurer and his or her bail; loans not subject to certain acts.
Mich. Comp. Laws § 21.145Compliance with divestment from terror act.
Mich. Comp. Laws § 21.146Illegal discriminatory lending practice; determination regarding deposit of additional surplus funds; considerations; commencement date and duration of prohibition; determination subject to MCL 24.201 et seq.
Mich. Comp. Laws § 21.147Definitions.