There is a newer version of the Michigan Compiled Laws
2014 Michigan Compiled Laws
Chapter 141 - MUNICIPAL FINANCING
Act 243 of 1980 EMERGENCY MUNICIPAL LOAN ACT (141.931 - 141.942)
- Section 141.931 Definitions.
- Section 141.932 Local emergency financial assistance loan board; creation; membership; powers and duties; approval of actions; conducting business at public meeting; staff services.
- Section 141.933 Maximum amount of loans in fiscal year; limitations; conditions; revenue for loans; restructuring payments; “county juvenile agency” defined.
- Section 141.933a Proceeds of a loan; special assessment.
- Section 141.934 Application for loan; resolution; certification of information and conditions; inspection, copying, or auditing of books and records; applicability of subsection (1).
- Section 141.935 Maximum amount of loans; eligibility.
- Section 141.936 Annual 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.
- Section 141.936a State treasurer selling or transferring loan; security; interest rate; terms; notice.
- Section 141.937 Duties of municipality receiving loan; definitions; exception.
- Section 141.938 Additional eligibility requirements; exception.
- Section 141.939 Annual report; evaluation of loan program; recommendations.
- Section 141.940 Repealed. 1980, Act 324, Imd. Eff. Dec. 15, 1980.
- Section 141.941 Short title.
- Section 141.942 Conditional effective date.
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