Sec. 5. A loan which the director may recommend to the state treasurer to invest shall meet the following requirements: (a) The agricultural commodities or other products purchased through the loan were produced or processed, in whole or in part, within the state. (b) The terms of the loan would assist in making the sale competitive with the sale of agricultural commodities or other products of other states or foreign countries.
Mich. Comp. Laws § 447.205
Loan requirements
1990, Act 359, Imd
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.