MCL - Act 77 of 1960


MICHIGAN HIGHER EDUCATION ASSISTANCE AUTHORITY

Act 77 of 1960

AN ACT to create the Michigan higher education assistance authority and to prescribe its powers and duties; to authorize persons, corporations, and associations to make gifts to the authority; to prescribe the powers and duties of certain state officials; to authorize, ratify, and confirm certain guarantees of students' loans and authorize reguarantees; to authorize, ratify, and confirm certain guarantees of loans made to parents of students; to validate certain prior appropriations; and to authorize the transfer of certain appropriations to be transferred to and administered by the authority.


History: 1960, Act 77, Imd. Eff. Apr. 25, 1960 ;-- Am. 1974, Act 19, Imd. Eff. Feb. 15, 1974 ;-- Am. 1981, Act 29, Eff. July 1, 1981 ;-- Am. 1989, Act 128, Imd. Eff. June 28, 1989




The People of the State of Michigan enact:
Document Type Description
Section 390.951 Section Michigan higher education assistance authority; creation.
Section 390.952 Section Appointment and qualifications of members of authority.
Section 390.953 Section Higher education assistance authority; term of office, removal.
Section 390.954 Section Higher education assistance authority; vacancies, appointment, removal.
Section 390.955 Section Quorum; rules.
Section 390.955a Section Conducting business at public meeting; notice.
Section 390.956 Section Higher education assistance authority; compensation, expenses.
Section 390.957 Section Powers of authority.
Section 390.957a Section Repealed. 2006, Act 425, Eff. Oct. 1, 2007.
Section 390.957b Section Repealed. 2008, Act 103, Eff. Oct. 1, 2008.
Section 390.958 Section Loans to minors.
Section 390.959 Section Higher education assistance authority; gift tax, deductible.
Section 390.960 Section Supervision and examination of authority; authority not banking organization; annual report.
Section 390.961 Section Guarantees of loans; appropriations to guaranty fund; guarantees of parent loans; authorization, ratification, and confirmation.