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2021 Michigan Compiled Laws
Chapter 390 - Universities and Colleges
Act 77 of 1960 - Michigan Higher Education Assistance Authority (390.951 - 390.961)
AN ACT to create the Michigan higher education assistance authority and to prescribe its powers and duties; to authorize persons, corporations, and associations to make gifts to the authority; to prescribe the powers and duties of certain state officials; to authorize, ratify, and confirm certain guarantees of students' loans and authorize reguarantees; to authorize, ratify, and confirm certain guarantees of loans made to parents of students; to validate certain prior appropriations; and to authorize the transfer of certain appropriations to be transferred to and administered by the authority.
History: 1960, Act 77, Imd. Eff. Apr. 25, 1960 ;-- Am. 1974, Act 19, Imd. Eff. Feb. 15, 1974 ;-- Am. 1981, Act 29, Eff. July 1, 1981 ;-- Am. 1989, Act 128, Imd. Eff. June 28, 1989
- Section 390.951 - Michigan Higher Education Assistance Authority; Creation.
- Section 390.952 - Appointment and Qualifications of Members of Authority.
- Section 390.953 - Higher Education Assistance Authority; Term of Office, Removal.
- Section 390.954 - Higher Education Assistance Authority; Vacancies, Appointment, Removal.
- Section 390.955 - Quorum; Rules.
- Section 390.955a - Conducting Business at Public Meeting; Notice.
- Section 390.956 - Higher Education Assistance Authority; Compensation, Expenses.
- Section 390.957 - Powers of Authority.
- Section 390.957a - Repealed. 2006, Act 425, Eff. Oct. 1, 2007.
- Section 390.957b - Repealed. 2008, Act 103, Eff. Oct. 1, 2008.
- Section 390.958 - Loans to Minors.
- Section 390.959 - Higher Education Assistance Authority; Gift Tax, Deductible.
- Section 390.960 - Supervision and Examination of Authority; Authority Not Banking Organization; Annual Report.
- Section 390.961 - Guarantees of Loans; Appropriations to Guaranty Fund; Guarantees of Parent Loans; Authorization, Ratification, and Confirmation.
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