Michigan · Statutes
Act Act-220-of-1982
29 sections
29 sections
- Mich. Comp. Laws § 285.251Short title.
- Mich. Comp. Laws § 285.252Definitions; rules.
- Mich. Comp. Laws § 285.253Michigan family farm development authority; creation; purpose; appointment, qualifications, and terms of members; expenses; certificate of appointment or reappointment; powers; actions by authority; quorum; findings of fact; conducting business at public meeting; notice of meeting; chairperson and vice-chairperson; officers, agents, and employees; delegation of powers and duties.
- Mich. Comp. Laws § 285.254Performance of duties, implementation of powers, and selection of programs and projects; principles.
- Mich. Comp. Laws § 285.255Powers of authority generally.
- Mich. Comp. Laws § 285.256Annual report.
- Mich. Comp. Laws § 285.257Use of surplus money.
- Mich. Comp. Laws § 285.258Combining program with other state or federal programs.
- Mich. Comp. Laws § 285.259Beginning farmer loan program; development; exercise of powers by authority; participation in federal and state programs; requirements for providing loan to beginning farmer; acceleration of loan; assumption of mortgage; transfer of interest; participation interest in mortgage loan.
- Mich. Comp. Laws § 285.260Making, purchasing, or participating in loans, grants, or deferred payment loans to beginning farmers; secured or unsecured loans and grants; insurance; interest rate; terms and conditions; rules.
- Mich. Comp. Laws § 285.261Loans to mortgage lenders; requirements and conditions.
- Mich. Comp. Laws § 285.262Purchasing mortgage or secured loans from mortgage lenders; commitment to purchase; requirements and conditions.
- Mich. Comp. Laws § 285.263Bonds and notes; general obligations; negotiability; issuance subject to agency financing reporting act.
- Mich. Comp. Laws § 285.264Bonds and notes; authorization; requirements; sale.
- Mich. Comp. Laws § 285.265Resolution authorizing notes or bonds; provisions.
- Mich. Comp. Laws § 285.266Pledge by authority; validity; lien; recording of resolution or instrument not required.
- Mich. Comp. Laws § 285.267Personal liability on note or bond of authority.
- Mich. Comp. Laws § 285.268Purchase and cancellation of notes or bonds by authority; price.
- Mich. Comp. Laws § 285.269Nonliability of state on notes or bonds of authority; statement.
- Mich. Comp. Laws § 285.270Capital reserve funds.
- Mich. Comp. Laws § 285.271General reserve fund.
- Mich. Comp. Laws § 285.272Pledge and agreement of state with holders of notes or bonds.
- Mich. Comp. Laws § 285.273Default by authority; appointment and powers of trustee; notice by trustee.
- Mich. Comp. Laws § 285.274Depositing money of authority in bank or savings and loan association; security; contracting with holders of notes or bonds for certain purposes; system of accounts; operating expenditures; audit.
- Mich. Comp. Laws § 285.275Notes and bonds of authority as securities; investment.
- Mich. Comp. Laws § 285.276Recommending issuance of faith and credit bonds to legislature.
- Mich. Comp. Laws § 285.277Tax exemptions.
- Mich. Comp. Laws § 285.278Covenant by state with purchasers, holders, and transferees of notes and bonds concerning tax exemptions.
- Mich. Comp. Laws § 285.279Prohibited conduct; violation; penalties; determination of total value; prior convictions; “proceeds” defined; prohibition.