Michigan Statutes
§ 325.854 — Toxic substance loan repayment fund; establishment; deposits; use of fund.
Michigan § 325.854
This text of Michigan § 325.854 (Toxic substance loan repayment fund; establishment; deposits; use of fund.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Mich. Comp. Laws § 325.854 (2026).
Text
TOXIC SUBSTANCE LOAN REPAYMENT (EXCERPT) Act 459 of 1982 ***** 325.854 THIS SECTION DOES NOT APPLY AFTER JULY 7, 1986: See 325.856b ***** 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.
(2)All payments of principal, interest, fees, charges, and other receipts from the servicing of loans made pursuant to former Act No. 273 of the Public Acts of 1978, shall be deposited into the toxic substance loan repayment fund.
(3)The state treasurer may use the fund to pay the costs of servicing loans made pursuant to former Act No. 273 of the Public Acts of 1978, including any costs incurred by the state in protecting the state's interest in those loans, and may establish a reserve t
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Legislative History
1982, Act 459, Eff. Mar. 30, 1983 Compiler's Notes: Act 273 of 1978, referred to in this section, was repealed by Act 459 of 1982.
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Bluebook (online)
Michigan § 325.854, Counsel Stack Legal Research, https://law.counselstack.com/statute/mi/325/325.854.