§ 285.251 |
Short title |
§ 285.252 |
Definitions; rules |
§ 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 |
§ 285.254 |
Performance of duties, implementation of powers, and selection of programs and projects; principles |
§ 285.255 |
Powers of authority generally |
§ 285.256 |
Annual report |
§ 285.257 |
Use of surplus money |
§ 285.258 |
Combining program with other state or federal programs |
§ 285.259 |
Beginning farmer loan program; development; exercise of powers by authority; participation in federal and state programs; requirements for providing loan to beginning farmer; acceleration of loan; assumption of mortgage; transfer of interest; participatio |
§ 285.260 |
Making, purchasing, or participating in loans, grants, or deferred payment loans to beginning farmers; secured or unsecured loans and grants; insurance; interest rate; terms and conditions; rules |
§ 285.261 |
Loans to mortgage lenders; requirements and conditions |
§ 285.262 |
Purchasing mortgage or secured loans from mortgage lenders; commitment to purchase; requirements and conditions |
§ 285.263 |
Bonds and notes; general obligations; negotiability; issuance subject to agency financing reporting act |
§ 285.264 |
Bonds and notes; authorization; requirements; sale |
§ 285.265 |
Resolution authorizing notes or bonds; provisions |
§ 285.266 |
Pledge by authority; validity; lien; recording of resolution or instrument not required |
§ 285.267 |
Personal liability on note or bond of authority |
§ 285.268 |
Purchase and cancellation of notes or bonds by authority; price |
§ 285.269 |
Nonliability of state on notes or bonds of authority; statement |
§ 285.270 |
Capital reserve funds |
§ 285.271 |
General reserve fund |
§ 285.272 |
Pledge and agreement of state with holders of notes or bonds |
§ 285.273 |
Default by authority; appointment and powers of trustee; notice by trustee |
§ 285.274 |
Depositing money of authority in bank or savings and loan association; security; contracting with holders of notes or bonds for certain purposes; system of accounts; operating expenditures; audit |
§ 285.275 |
Notes and bonds of authority as securities; investment |
§ 285.276 |
Recommending issuance of faith and credit bonds to legislature |
§ 285.277 |
Tax exemptions |
§ 285.278 |
Covenant by state with purchasers, holders, and transferees of notes and bonds concerning tax exemptions |
§ 285.279 |
Prohibited conduct; violation; penalties; determination of total value; prior convictions; “proceeds” defined; prohibition |