2010 Michigan Compiled Laws
Chapter 141 - MUNICIPAL FINANCING
Act 243 of 1980 - EMERGENCY MUNICIPAL LOAN ACT (141.931 - 141.942)
Section 141.939 - Annual report; evaluation of loan program; recommendations.
EMERGENCY MUNICIPAL LOAN ACT (EXCERPT)Act 243 of 1980
141.939 Annual report; evaluation of loan program; recommendations.
Sec. 9.
The board shall report annually to the governor and the legislature on which municipalities have applied for loans under the program, which municipalities have received loans, the amount of each loan, and the conditions under which each loan was made. Five years after the effective date of this act, the board shall submit to the governor and the legislature an evaluation of the loan program with recommendations for its continuance or discontinuance.
History: 1980, Act 243, Imd. Eff. July 24, 1980
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