Michigan Compiled Laws Act 459 Of 1982 Toxic Substance Loan Repayment (325.851 - 325.858)***** 325.851 This § Does Not Apply After July 7, 1986: See 325.856b *****

• Section 325.851 Definitions.
  325.851 Definitions. Sec. 1. As used in this act: (a) “Department” means the department of treasury. (b) “Fund” means the toxic substance loan repayment fund...
• Section 325.852 Abolition Of State Toxic Substance Loan Commission.
  325.852 Abolition of state toxic substance loan commission. Sec. 2. The state toxic substance loan commission established under former Act No. 273 of the Public...
• Section 325.853 Transfer Of Loans, Documents, And Audited Inventory To Department; Powers Of State Treasurer.
  325.853 Transfer of loans, documents, and audited inventory to department; powers of state treasurer. Sec. 3. All loans made by the toxic substance loan commission...
• Section 325.854 Toxic Substance Loan Repayment Fund; Establishment; Deposits; Use Of Fund.
  325.854 Toxic substance loan repayment fund; establishment; deposits; use of fund. Sec. 4. (1) A toxic substance loan repayment fund is established in the department....
• 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.
  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...
• 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.
  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...
• Section 325.856a Discharge And Repayment Of Loan Made By State Toxic Substance Loan Commission; Preparation, Execution, And Filing Of Documents.
  (1) Notwithstanding any other section of this act, the unpaid balance of a loan made by the state toxic substance loan commission pursuant to...
• Section 325.856b Applicability Of Mcl 325.851 To 325.856.
  Sections 1 to 6 of this act shall not apply after the effective date of the 1986 amendatory act that added section 6a. History:...
• Section 325.857 Repeal Of Mcl 325.831 To 325.845.
  Act No. 273 of the Public Acts of 1978, being sections 325.831 to 325.845 of the Compiled Laws of 1970, is repealed. History: 1982,...
• Section 325.858 Effective Date.
  This act shall take effect January 1, 1983. History: 1982, Act 459, Eff. Mar. 30, 1983

Last modified: October 10, 2016