MCL - Index of Act 243 of 1980

NOTE: Dates reflect any modification to item, not necessarily a change in law.
Title Subject
Act 243 of 1980 EMERGENCY MUNICIPAL LOAN ACT (141.931 - 141.942)
Section 141.931 Definitions.
Section 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.
Section 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.
Section 141.933a Proceeds of a loan; special assessment.
Section 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).
Section 141.935 Repealed. 2016, Act 197, Imd. Eff. June 21, 2016.
Section 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.
Section 141.936a State treasurer selling or transferring loan; security; interest rate; terms; notice.
Section 141.937 Duties of municipality receiving loan; failure to comply with subsection (1) and 5-year plan; definitions; exception.
Section 141.938 Repealed. 2016, Act 197, Imd. Eff. June 21, 2016.
Section 141.939 Annual report; evaluation of loan program; recommendations.
Section 141.940 Repealed. 1980, Act 324, Imd. Eff. Dec. 15, 1980.
Section 141.941 Short title.
Section 141.942 Conditional effective date.