MCL - 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
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Am. 1986, Act 172, Imd. Eff. July 7, 1986
| Document | Type | Description |
|---|---|---|
| Section 325.851 | Section | Definitions. |
| Section 325.852 | Section | Abolition of state toxic substance loan commission. |
| Section 325.853 | Section | Transfer of loans, documents, and audited inventory to department; powers of state treasurer. |
| Section 325.854 | Section | Toxic substance loan repayment fund; establishment; deposits; use of fund. |
| Section 325.855 | Section | 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 | Section | 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 | Section | Discharge and repayment of loan made by state toxic substance loan commission; preparation, execution, and filing of documents. |
| Section 325.856b | Section | Applicability of MCL 325.851 to 325.856. |
| Section 325.857 | Section | Repeal of MCL 325.831 to 325.845. |
| Section 325.858 | Section | Effective date. |