Mich. Comp. Laws § 285.257
Current through Public Act 190 of the 2024 Legislative Session
Money declared by the authority to be surplus money which is not required to service bonds and notes, to pay administrative expenses of the authority, or to accumulate necessary operating or loss reserves shall be used by the authority to provide loans, grants, subsidies, and services to beginning farmers through any of the programs initiated by the authority pursuant to this act.
MCL 285.257