Act
Michigan family farm development act
- Mich. Comp. Laws § 285.251— Short title
- Mich. Comp. Laws § 285.252— Definitions; rules
- Mich. Comp. Laws § 285.253— Michigan family farm development authority; creation; purpose; appointment, qualifications, and terms of members; expenses; certificate of appointment or reappointment; powers; actions by authority; quorum; findings of fact; conducting business at public meeting; notice of meeting; chairperson and vice-chairperson; officers, agents, and employees; delegation of powers and duties
- Mich. Comp. Laws § 285.254— Performance of duties, implementation of powers, and selection of programs and projects; principles
- Mich. Comp. Laws § 285.255— Powers of authority generally
- Mich. Comp. Laws § 285.256— Annual report
- Mich. Comp. Laws § 285.257— Use of surplus money
- Mich. Comp. Laws § 285.258— Combining program with other state or federal programs
- Mich. Comp. Laws § 285.259— Beginning farmer loan program; development; exercise of powers by authority; participation in federal and state programs; requirements for providing loan to beginning farmer; acceleration of loan; assumption of mortgage; transfer of interest; participation interest in mortgage loan
- Mich. Comp. Laws § 285.260— Making, purchasing, or participating in loans, grants, or deferred payment loans to beginning farmers; secured or unsecured loans and grants; insurance; interest rate; terms and conditions; rules
- Mich. Comp. Laws § 285.261— Loans to mortgage lenders; requirements and conditions
- Mich. Comp. Laws § 285.262— Purchasing mortgage or secured loans from mortgage lenders; commitment to purchase; requirements and conditions
- Mich. Comp. Laws § 285.263— Bonds and notes; general obligations; negotiability; issuance subject to agency financing reporting act
- Mich. Comp. Laws § 285.264— Bonds and notes; authorization; requirements; sale
- Mich. Comp. Laws § 285.265— Resolution authorizing notes or bonds; provisions
- Mich. Comp. Laws § 285.266— Pledge by authority; validity; lien; recording of resolution or instrument not required
- Mich. Comp. Laws § 285.267— Personal liability on note or bond of authority
- Mich. Comp. Laws § 285.268— Purchase and cancellation of notes or bonds by authority; price
- Mich. Comp. Laws § 285.269— Nonliability of state on notes or bonds of authority; statement
- Mich. Comp. Laws § 285.270— Capital reserve funds
- Mich. Comp. Laws § 285.271— General reserve fund
- Mich. Comp. Laws § 285.272— Pledge and agreement of state with holders of notes or bonds
- Mich. Comp. Laws § 285.273— Default by authority; appointment and powers of trustee; notice by trustee
- Mich. Comp. Laws § 285.274— Depositing money of authority in bank or savings and loan association; security; contracting with holders of notes or bonds for certain purposes; system of accounts; operating expenditures; audit
- Mich. Comp. Laws § 285.275— Notes and bonds of authority as securities; investment
- Mich. Comp. Laws § 285.276— Recommending issuance of faith and credit bonds to legislature
- Mich. Comp. Laws § 285.277— Tax exemptions
- Mich. Comp. Laws § 285.278— Covenant by state with purchasers, holders, and transferees of notes and bonds concerning tax exemptions
- Mich. Comp. Laws § 285.279— Prohibited conduct; violation; penalties; determination of total value; prior convictions; “proceeds” defined; prohibition