PocketLaw | Michigan Compiled Laws | 222 of 1975 - Higher Education

222 of 1975 - Higher Education Loan Authority Act (390.1151 - 390.1165)

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Section
390.1151

Short Title.

Section
390.1152

Definitions.

Section
390.1153

Authority; Creation; Autonomous Entity; Members; Terms; Quorum; Action by Authority; Meetings.

Section
390.1154

Powers of Authority.

Section
390.1154a

Loans to Students or Parents of Students; Purpose; Rules.

Section
390.1155

Bonds; Purposes; General Obligation of Authority; Determination; Resolution; Requirements; Issuance Subject to Agency Financing Reporting Act; Interest Rate Exchange or Agreement; Establishment of Reserve Fund.

Section
390.1156

Bonds; Pledge and Agreement of State.

Section
390.1157

Bonds as Investment Securities.

Section
390.1158

Disposition of Moneys of Authority; Contracts With Holders of Bonds; Audit.

Section
390.1158a

Talent Investment Fund; Creation; Deposit of Money and Other Assets; Money Remaining at Close of Fiscal Year; Administration; Use of Fund.

Section
390.1159

Tax Exemptions; Bonds and Interest Coupons Negotiable; Registration of Bonds.

Section
390.1160

Pledge by Authority; Lien of Pledge; Recording Not Required.

Section
390.1161

Default; Appointment and Powers of Trustee; Rights of Bondholders and Trustee.

Section
390.1162

Loans to Students or Parents of Students; Rules; Basis of Determining Amount of Loan; Description of Options; Federally Reinsured Loans; Variable Repayment Schedules; Revised Repayment Term or Schedule.

Section
390.1163

Personal Liability.

Section
390.1164

Repealed. 1976, Act 163, Imd. Eff. June 21, 1976.

Section
390.1165

Effective Date.