Act
Emergency municipal loan act
- Mich. Comp. Laws § 141.931— Definitions
- Mich. Comp. Laws § 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
- Mich. Comp. Laws § 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
- Mich. Comp. Laws § 141.933a— Proceeds of a loan; special assessment
- Mich. Comp. Laws § 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)
- Mich. Comp. Laws § 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
- Mich. Comp. Laws § 141.936a— State treasurer selling or transferring loan; security; interest rate; terms; notice
- Mich. Comp. Laws § 141.937— Duties of municipality receiving loan; failure to comply with subsection (1) and 5-year plan; definitions; exception
- Mich. Comp. Laws § 141.939— Annual report; evaluation of loan program; recommendations
- Mich. Comp. Laws § 141.941— Short title
- Mich. Comp. Laws § 141.942— Conditional effective date