Michigan Compiled Laws
Act 220 of 1982 - Michigan Family Farm Development Act (285.251 - 285.279)
Section 285.258 - Combining Program With Other State or Federal Programs.

Sec. 8.
A program authorized by this act may be combined with any other state or federal program in order to facilitate the acquisition of agricultural land, agricultural improvements, and depreciable agricultural property by beginning farmers.
History: 1982, Act 220, Imd. Eff. July 10, 1982

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 285 - Agriculture

Act 220 of 1982 - Michigan Family Farm Development Act (285.251 - 285.279)

Section 285.251 - Short Title.

Section 285.252 - Definitions; Rules.

Section 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; Conduct...

Section 285.254 - Performance of Duties, Implementation of Powers, and Selection of Programs and Projects; Principles.

Section 285.255 - Powers of Authority Generally.

Section 285.256 - Annual Report.

Section 285.257 - Use of Surplus Money.

Section 285.258 - Combining Program With Other State or Federal Programs.

Section 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...

Section 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.

Section 285.261 - Loans to Mortgage Lenders; Requirements and Conditions.

Section 285.262 - Purchasing Mortgage or Secured Loans From Mortgage Lenders; Commitment to Purchase; Requirements and Conditions.

Section 285.263 - Bonds and Notes; General Obligations; Negotiability; Issuance Subject to Agency Financing Reporting Act.

Section 285.264 - Bonds and Notes; Authorization; Requirements; Sale.

Section 285.265 - Resolution Authorizing Notes or Bonds; Provisions.

Section 285.266 - Pledge by Authority; Validity; Lien; Recording of Resolution or Instrument Not Required.

Section 285.267 - Personal Liability on Note or Bond of Authority.

Section 285.268 - Purchase and Cancellation of Notes or Bonds by Authority; Price.

Section 285.269 - Nonliability of State on Notes or Bonds of Authority; Statement.

Section 285.270 - Capital Reserve Funds.

Section 285.271 - General Reserve Fund.

Section 285.272 - Pledge and Agreement of State With Holders of Notes or Bonds.

Section 285.273 - Default by Authority; Appointment and Powers of Trustee; Notice by Trustee.

Section 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.

Section 285.275 - Notes and Bonds of Authority as Securities; Investment.

Section 285.276 - Recommending Issuance of Faith and Credit Bonds to Legislature.

Section 285.277 - Tax Exemptions.

Section 285.278 - Covenant by State With Purchasers, Holders, and Transferees of Notes and Bonds Concerning Tax Exemptions.

Section 285.279 - Prohibited Conduct; Violation; Penalties; Determination of Total Value; Prior Convictions; “Proceeds” Defined; Prohibition.