Section 285.266 – Pledge by Authority; Validity; Lien; Recording of Resolution or Instrument Not Required.
285.266 Pledge by authority; validity; lien; recording of resolution or instrument not required. Sec. 16. Any pledge made by the authority shall be valid and binding from the time when the pledge is made. The money or property so pledged and thereafter received by the authority shall immediately be subject to the lien of that […]
Section 285.251 – Short Title.
285.251 Short title. Sec. 1. This act shall be known and may be cited as the “Michigan family farm development act”. History: 1982, Act 220, Imd. Eff. July 10, 1982
Section 285.267 – Personal Liability on Note or Bond of Authority.
285.267 Personal liability on note or bond of authority. Sec. 17. The members of the authority or a person who executes a note or bond shall not be liable personally on the note or bond or be subject to any personal liability or accountability by reason of the issuance of the note or bond. History: […]
Section 285.252 – Definitions; Rules.
285.252 Definitions; rules. Sec. 2. (1) As used in this act: (a) “Agricultural land” means land suitable for use in farming. (b) “Agricultural improvements” means any improvements, buildings, structures, or fixtures suitable for use in farming which are located on agricultural land. Agricultural improvements includes a single-family dwelling located on agricultural land which is or […]
Section 285.253 – Michigan Family Farm Development Authority; Creation; Purpose; Appointment, Qualifications, and Terms of Members; Expenses; Certificate of Appointment or Reappointment; Powers; Actions by Authority; Quorum; Findings of Fact; Conducting Business at Public Meeting; Notice of Meeting; Chairperson and Vice-Chairperson; Officers, Agents, and Employees; Delegation of Powers and Duties.
285.253 Michigan family farm development authority; creation; purpose; appointment, qualifications, and terms of members; expenses; certificate of appointment or reappointment; powers; actions by authority; quorum; findings of fact; conducting business at public meeting; notice of meeting; chairperson and vice-chairperson; officers, agents, and employees; delegation of powers and duties. Sec. 3. (1) The Michigan family farm […]
Section 285.254 – Performance of Duties, Implementation of Powers, and Selection of Programs and Projects; Principles.
285.254 Performance of duties, implementation of powers, and selection of programs and projects; principles. Sec. 4. In the performance of its duties, the implementation of its powers, and the selection of specific programs and projects to receive its assistance, the authority shall comply with all of the following principles: (a) The authority shall not become […]
Section 285.255 – Powers of Authority Generally.
285.255 Powers of authority generally. Sec. 5. The authority shall possess all powers necessary or convenient to carry out this act, including all the following powers and other powers granted by other provisions of this act: (a) To sue and to be sued; to have a seal and to alter the seal at pleasure; to […]
Section 285.256 – Annual Report.
285.256 Annual report. Sec. 6. (1) The authority shall submit to the governor, the speaker of the house of representatives, and the majority leader of the senate not later than January 15 of each year, a complete report on the activities of the authority. The report shall include all of the following: (a) A description […]
Section 285.257 – Use of Surplus Money.
285.257 Use of surplus money. Sec. 7. Money declared by the authority to be surplus money which is not required to service bonds and notes, to pay administrative expenses of the authority, or to accumulate necessary operating or loss reserves shall be used by the authority to provide loans, grants, subsidies, and services to beginning […]