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Statutes > Michigan Statutes > Chapter 141 - MUNICIPAL FINANCING > Act 243 of 1980 - EMERGENCY MUNICIPAL LOAN ACT (141.931 - 141.942)

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.
  • Section 141.933 - Maximum amount of loans in fiscal year; limitations; conditions; revenue for loans; “county juvenile agency” defined.
  • Section 141.934 - Application for loan; resolution; certification of information and conditions; inspection, copying, or auditing of books and records; applicability of subsection (1).
  • Section 141.935 - Maximum amount of loans; eligibility.
  • 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 installm
  • Section 141.937 - Duties of municipality receiving loan; definitions; exception.
  • Section 141.938 - Additional eligibility requirements; exception.
  • 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  • Section 141.940 - Repealed. 1980, Act 324, Imd.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.




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