Sec. 18.
Nothing in this act or in an advance tuition payment contract entered into pursuant to this act shall be construed as a promise or guarantee by the trust or the state that a person will be admitted to a state institution of higher education or to a particular state institution of higher education, will be allowed to continue to attend a state institution of higher education after having been admitted, or will be graduated from a state institution of higher education.
History: 1986, Act 316, Imd. Eff. Dec. 23, 1986
Structure Michigan Compiled Laws
Chapter 390 - Universities and Colleges
Act 316 of 1986 - Michigan Education Trust Act (390.1421 - 390.1444)
Section 390.1421 - Short Title.
Section 390.1422 - Legislative Finding and Declaration.
Section 390.1423 - Purposes of Act and Michigan Education Trust.
Section 390.1424 - Definitions.
Section 390.1425 - Michigan Education Trust; Creation; Exercise of Powers, Duties, and Functions.
Section 390.1426 - Advance Tuition Payment Contract Generally.
Section 390.1427 - Plan a and Plan B.
Section 390.1428 - Termination of Advance Tuition Payment Contract; Refund.
Section 390.1431 - Additional Powers of Board.
Section 390.1432 - Accounting of Trust Generally.
Section 390.1434 - Enforcement of Act and Contract.
Section 390.1435 - Exemption From Taxation.
Section 390.1437 - Preserving, Investing, and Expending Assets of Trust.
Section 390.1438 - Prohibited Promises or Guarantees.
Section 390.1439 - Exemption of Contract From Uniform Securities Act; Sale or Transfer of Contract.
Section 390.1440 - Payments Deductible From Taxable Income.
Section 390.1441 - Liberal Construction; Powers to Be Broadly Interpreted.
Section 390.1442 - Severability.
Section 390.1443, 390.1444 - Repealed. 2004, Act 388, Imd. Eff. Oct. 12, 2004.