47 chapters · 74 sections in this title.
Mich. Comp. Laws § 325.851 Definitions.
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Sec. 1. As used in this act: (a) "Department" means the department of treasury. (b) "Fund" means the toxic substance loan repayment fund established in section 4.
Mich. Comp. Laws § 325.852 Abolition of state toxic substance loan commission.
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Sec. 2. The state toxic substance loan commission established under former Act No. 273 of the Public Acts of 1978 is abolished.
Mich. Comp. Laws § 325.853 Transfer of loans, documents, and audited inventory to department; powers of state treasurer.
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Sec. 3. All loans made by the toxic substance loan commission pursuant to former Act No. 273 of the Public Acts of 1978, together with any documents regarding the loans and an audited inventory of the loans are transferred to the department. The state treasurer shall have all pow…
Mich. Comp. Laws § 325.854 Toxic substance loan repayment fund; establishment; deposits; use of fund.
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Sec. 4. (1) A toxic substance loan repayment fund is established in the department. (2) All payments of principal, interest, fees, charges, and other receipts from the servicing of loans made pursuant to former Act No. 273 of the Public Acts of 1978, shall be deposited into the t…