MICHIGAN FAMILY FARM DEVELOPMENT ACT
- 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; conducting business at public meeting; notice of meeting; chairperson and vice-chairperson; officers, agents, and employees; delegation of powers and duties
- 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 interest; participation interest in mortgage loan
- 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