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2019 Michigan Compiled Laws
Chapter 257 - Motor Vehicles
Act 387 of 1978 Loans to Motor Carriers (257.931 - 257.937)
AN ACT to make appropriations to the department of state; to prescribe the powers and duties of the department of state and the state treasurer; to provide for loans to persons who own certain vehicles for the cost of their alteration or replacement; and to provide an interest rate for repayment of those loans.
History: 1978, Act 387, Imd. Eff. July 27, 1978 ;-- Am. 1979, Act 14, Imd. Eff. May 17, 1979
- Section 257.931 Loans to Motor Carriers; Prerequisites; Purpose; Loans as Investments for State Recreational Land Acquisition Trust Fund; Investigation; Determination; Applicability of Section; Condition of Loan.
- Section 257.932 Loans to Motor Carriers; Application; Form; Evidence of Ownership; Cost of Modification or Replacement; Repayment Plan; Review and Certification of Application; Time Limitation.
- Section 257.933 Loans to Motor Carriers; Amount; Interest Rate; Time Limitation; Collection of Repayments; Restrictions; Amount of Money Invested; Appropriations.
- Section 257.934 Creation of Security Interest in Name of State on Vehicle; Sign Disclosing State's Lien.
- Section 257.935 Disposition of Revenues.
- Section 257.936 Conditional Effective Date.
- Section 257.937 Rules.
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