Michigan Compiled Laws
Act 243 of 1980 - Emergency Municipal Loan Act (141.931 - 141.942)
Section 141.939 - Annual Report; Evaluation of Loan Program; Recommendations.

Sec. 9.
The board shall report annually to the governor and the legislature on which municipalities have applied for loans under the program, which municipalities have received loans, the amount of each loan, and the conditions under which each loan was made. Five years after the effective date of this act, the board shall submit to the governor and the legislature an evaluation of the loan program with recommendations for its continuance or discontinuance.
History: 1980, Act 243, Imd. Eff. July 24, 1980

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 141 - Municipal Financing

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; Powers of Municipality.

Section 141.933 - Maximum Amount of Loans in Fiscal Year; Limitations; Conditions; Maintaining Loan Proceeds in Separate Account; Monitoring Expenditures; Loan Proceeds Subject to MCL 45.621 to 45.631; Revenue for Loans; Restructuring Payments; “Coun...

Section 141.933a - Proceeds of a Loan; Special Assessment.

Section 141.934 - Application for Loan by Municipality; Resolution; Certification of Information and Conditions; Inspection, Copying, or Auditing of Books and Records; Applicability of Subsection (1).

Section 141.935 - Repealed. 2016, Act 197, Imd. Eff. June 21, 2016.