Michigan Compiled Laws
Act 459 of 1982 - Toxic Substance Loan Repayment (325.851 - 325.858)
Section 325.851 - Definitions.

***** 325.851 THIS SECTION DOES NOT APPLY AFTER JULY 7, 1986: See 325.856b *****
Sec. 1.
As used in this act:
(a) "Department" means the department of treasury.
(b) "Fund" means the toxic substance loan repayment fund established in section 4.
History: 1982, Act 459, Eff. Mar. 30, 1983

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 325 - Health

Act 459 of 1982 - Toxic Substance Loan Repayment (325.851 - 325.858)

Section 325.851 - Definitions.

Section 325.852 - Abolition of State Toxic Substance Loan Commission.

Section 325.853 - Transfer of Loans, Documents, and Audited Inventory to Department; Powers of State Treasurer.

Section 325.854 - Toxic Substance Loan Repayment Fund; Establishment; Deposits; Use of Fund.

Section 325.855 - Repayment of Note of Indebtedness Executed Under Former MCL 325.831 to 325.845; Schedule of Repayment; Assessment of Interest; Interest Not to Accumulate During Suspension of Repayment.

Section 325.856 - Suspension of Repayment; Duration; Preparation, Execution, and Filing of Termination Statements and Other Documents; Transfer of Unexpended, Unencumbered, or Unreserved Money in Fund to General Fund.

Section 325.856a - Discharge and Repayment of Loan Made by State Toxic Substance Loan Commission; Preparation, Execution, and Filing of Documents.

Section 325.856b - Applicability of MCL 325.851 to 325.856.

Section 325.857 - Repeal of MCL 325.831 to 325.845.

Section 325.858 - Effective Date.