Michigan · Statutes
Act Act-243-of-1980
11 sections
11 sections
- Mich. Comp. Laws § 141.931Definitions.
- Mich. Comp. Laws § 141.932Local emergency financial assistance loan board; creation; membership; powers and duties; approval of actions; conducting business at public meeting; staff services; powers of municipality.
- Mich. Comp. Laws § 141.933Maximum amount of loans in fiscal year; limitations; conditions; maintaining loan proceeds in separate account; monitoring expenditures; loan proceeds subject to MCL 45.621 to 45.631; revenue for loans; restructuring payments; “county juvenile agency” defined.
- Mich. Comp. Laws § 141.933aProceeds of a loan; special assessment.
- Mich. Comp. Laws § 141.934Application for loan by municipality; resolution; certification of information and conditions; inspection, copying, or auditing of books and records; applicability of subsection (1).
- Mich. Comp. Laws § 141.936Annual rate or rates of interest; fixed rate; rate calculated upon formula; limitation; payment of interest and principal; delinquency; repayment at earlier date or in fewer installments; prohibited conditions; effect of failure to make repayments; loan as general obligation of municipality; exception.
- Mich. Comp. Laws § 141.936aState treasurer selling or transferring loan; security; interest rate; terms; notice.
- Mich. Comp. Laws § 141.937Duties of municipality receiving loan; failure to comply with subsection (1) and 5-year plan; definitions; exception.
- Mich. Comp. Laws § 141.939Annual report; evaluation of loan program; recommendations.
- Mich. Comp. Laws § 141.941Short title.
- Mich. Comp. Laws § 141.942Conditional effective date.