Sec. 58.
The fund may establish a special fund or funds solely to secure some or all of its obligations within the center for loan insurance into which fees or premiums collected by the fund for loan, debenture, or lease insurance, guarantees, or letters of credit may be deposited.
History: 1984, Act 270, Eff. Mar. 29, 1985 Popular Name: Strategic Fund
Structure Michigan Compiled Laws
Chapter 125 - Planning, Housing, and Zoning
Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094)
270-1984-5 - Chapter 5 (125.2051...125.2058)
Section 125.2051 - Center for Loan Insurance; Establishment and Operation.
Section 125.2052 - Loan Insurance Account; Payments Into Accounts; Transfer of Money.
Section 125.2053 - Powers of Fund Through Center for Loan Insurance.
Section 125.2054 - Contract of Insurance.
Section 125.2055 - Insurance, Guarantees, or Letters of Credit; Limitation; Paramount Priority.