Michigan Compiled Laws
Act 359 of 1990 - Michigan Farm Export Act (447.201 - 447.207)
Section 447.205 - Loan Requirements.

Sec. 5.
A loan which the director may recommend to the state treasurer to invest shall meet the following requirements:
(a) The agricultural commodities or other products purchased through the loan were produced or processed, in whole or in part, within the state.
(b) The terms of the loan would assist in making the sale competitive with the sale of agricultural commodities or other products of other states or foreign countries.
History: 1990, Act 359, Imd. Eff. Dec. 27, 1990

Structure Michigan Compiled Laws