Individuals & Families
Small Businesses
Nonprofits
Employers
Employee Benefits Brokers
PEOs
Credit Unions
Membership Groups
Legal Information
Sign In
/
U.S. State Codes
/
Michigan
/
Chapter 141 - Municipal Fin...
/
Act 243 of 1980 Emergency Municipal Loan Act (1...
Act 243 of 1980 Emergency Municipal Loan Act (141.931 - 141.942)
Section 141.931 Definitions.
Section 141.932 Local Emergency Financial Assistance Loan Board; Creation; Membership; Powers and Duties; Approval of Actions; Conducting Business at Public Meeting; Staff Services; Powers of Municipality.
Section 141.933 Maximum Amount of Loans in Fiscal Year; Limitations; Conditions; Maintaining Loan Proceeds in Separate Account; Monitoring Expenditures; Loan Proceeds Subject to Mcl 45.621 to 45.631; Revenue for Loans; Restructuring Payments; “County Juvenile Agency” Defined.
Section 141.933a Proceeds of a Loan; Special Assessment.
Section 141.934 Application for Loan by Municipality; Resolution; Certification of Information and Conditions; Inspection, Copying, or Auditing of Books and Records; Applicability of Subsection (1).
Section 141.935 Repealed. 2016, Act 197, Imd. Eff. June 21, 2016.
Section 141.936 Annual Rate or Rates of Interest; Fixed Rate; Rate Calculated Upon Formula; Limitation; Payment of Interest and Principal; Delinquency; Repayment at Earlier Date or in Fewer Installments; Prohibited Conditions; Effect of Failure to Make Repayments; Loan as General Obligation of Municipality; Exception.
Section 141.936a State Treasurer Selling or Transferring Loan; Security; Interest Rate; Terms; Notice.
Section 141.937 Duties of Municipality Receiving Loan; Failure to Comply With Subsection (1) and 5-Year Plan; Definitions; Exception.
Section 141.938 Repealed. 2016, Act 197, Imd. Eff. June 21, 2016.
Section 141.939 Annual Report; Evaluation of Loan Program; Recommendations.
Section 141.940 Repealed. 1980, Act 324, Imd. Eff. Dec. 15, 1980.
Section 141.941 Short Title.
Section 141.942 Conditional Effective Date.