2010 Michigan Compiled Laws
Chapter 325 - HEALTH
Act 459 of 1982 - TOXIC SUBSTANCE LOAN REPAYMENT (325.851 - 325.858)

TOXIC SUBSTANCE LOAN REPAYMENT
Act 459 of 1982
AN ACT to provide for the payment, repayment, and recovery of certain loans; to grant relief from the repayment of certain loans; to prescribe the powers and duties of certain state agencies and departments; to provide for the transfer of certain duties and documents; to establish a toxic substance loan repayment fund; and to repeal certain acts and parts of acts.

History: 1982, Act 459, Eff. Mar. 30, 1983 ;-- Am. 1986, Act 172, Imd. Eff. July 7, 1986

• Section 325.851 - Definitions.
• Section 325.852 - Abolition of state toxic substance loan commission.
• Section 325.853 - Transfer of loans, documents, and audited inventory to department; powers of state treasurer.
• Section 325.854 - Toxic substance loan repayment fund; establishment; deposits; use of fund.
• Section 325.855 - Repayment of note of indebtedness executed under former MCL 325.831 to 325.845; schedule of repayment; assessment of interest; interest not to accumulate during suspension of repayment.
• Section 325.856 - Suspension of repayment; duration; preparation, execution, and filing of termination statements and other documents; transfer of unexpended, unencumbered, or unreserved money in fund to general fund.
• Section 325.856a - Discharge and repayment of loan made by state toxic substance loan commission; preparation, execution, and filing of documents.
• Section 325.856b - Applicability of MCL 325.851 to 325.856.
• Section 325.857 - Repeal of MCL 325.831 to 325.845.
• Section 325.858 - Effective date.