™Your Policy Risk Impact Agent
42 chapters · 207 sections in this title.
Mich. Comp. Laws § 286.431 Short title.
0.1K chars
Sec. 1. This act shall be known and may be cited as the "agricultural disaster loan origination program act".
Mich. Comp. Laws § 286.432 Definitions.
3.9K chars
Sec. 2. As used in this act: (a) "Agricultural processing" means the enhancement or improvement of the overall value of an agricultural commodity or of an animal or plant product into a product of higher value, including, but not limited to, marketing, agricultural processing, tr…
Mich. Comp. Laws § 286.433 Qualified agricultural loan origination program; establishment; requirements; use of work project funds appropriated.
2.3K chars
Sec. 3. (1) The state treasurer may establish a qualified agricultural loan origination program as provided in this act. (2) The program shall meet all of the following: (a) A person receiving a qualified agricultural loan shall pay an interest rate authorized under this act and …
Mich. Comp. Laws § 286.434 Actions by state treasurer; approval of legal form of documents by attorney general; duties of qualified institution; forwarding and destruction of affidavits; program as valid public purpose.
1.3K chars
Sec. 4. (1) The state treasurer may take any necessary action to ensure the successful operation of the program, including, but not limited to, entering into agreements with qualified financial institutions related to the operation of the program and the issuance of qualified agr…