***** 325.851 THIS SECTION DOES NOT APPLY AFTER JULY 7, 1986: See 325.856b ***** 325.851 Definitions. 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. History: 1982, Act 459, Eff. Mar. 30, 1983
***** 325.852 THIS SECTION DOES NOT APPLY AFTER JULY 7, 1986: See 325.856b ***** 325.852 Abolition of state toxic substance loan commission. Sec. 2. The state toxic substance loan commission established under former Act No. 273 of the Public Acts of 1978 is abolished. History: 1982, Act 459, Eff. Mar. 30, 1983 Compiler’s Notes: Act […]
***** 325.853 THIS SECTION DOES NOT APPLY AFTER JULY 7, 1986: See 325.856b ***** 325.853 Transfer of loans, documents, and audited inventory to department; powers of state treasurer. 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 […]
***** 325.854 THIS SECTION DOES NOT APPLY AFTER JULY 7, 1986: See 325.856b ***** 325.854 Toxic substance loan repayment fund; establishment; deposits; use of fund. 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 […]
***** 325.855 THIS SECTION DOES NOT APPLY AFTER JULY 7, 1986: See 325.856b ***** 325.855 Repayment of note of indebtedness executed under former MCL 325.831 to 325.845; schedule of repayment; assessment of interest; interest not to accumulate during suspension of repayment. Sec. 5. (1) A note of indebtedness executed under former Act No. 273 of […]
***** 325.856 THIS SECTION DOES NOT APPLY AFTER JULY 7, 1986: See 325.856b ***** 325.856 Suspension of repayment; duration; preparation, execution, and filing of termination statements and other documents; transfer of unexpended, unencumbered, or unreserved money in fund to general fund. Sec. 6. (1) After a showing of financial need, the requirement for repayment of […]
325.856a Discharge and repayment of loan made by state toxic substance loan commission; preparation, execution, and filing of documents. Sec. 6a. (1) Notwithstanding any other section of this act, the unpaid balance of a loan made by the state toxic substance loan commission pursuant to former Act No. 273 of the Public Acts of 1978, […]
325.856b Applicability of MCL 325.851 to 325.856. Sec. 6b. Sections 1 to 6 of this act shall not apply after the effective date of the 1986 amendatory act that added section 6a. History: Add. 1986, Act 172, Imd. Eff. July 7, 1986
325.857 Repeal of MCL 325.831 to 325.845. Sec. 7. Act No. 273 of the Public Acts of 1978, being sections 325.831 to 325.845 of the Compiled Laws of 1970, is repealed. History: 1982, Act 459, Eff. Mar. 30, 1983
325.858 Effective date. Sec. 8. This act shall take effect January 1, 1983. History: 1982, Act 459, Eff. Mar. 30, 1983
