Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

§
Marginalia
Code · Michigan · Chapter 125 — Planning, Housing, and Zoning

125.1458a Michigan housing and community development fund; creation; administration; credit of amounts and earnings from investments; availability of money for disburseme

257 words·~1 min read·/mi/chapter-125/125-1458a

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

125.1458a Michigan housing and community development fund; creation; administration; credit of amounts and earnings from investments; availability of money for disbursement; money in fund at end of fiscal year.
Sec. 58a.
(1)The Michigan housing and community development fund is created as a separate fund in the authority.
(2)The fund shall be administered by the authority, and money in the fund shall be expended only as provided in this act.
(3)The authority shall credit to the fund all amounts appropriated to the fund or to the authority for the fund and any other money made available to the authority for the fund from any other source for the purposes under this act. The authority, on behalf of the fund, may solicit and accept gifts, grants, labor, loans, and other aid from any person, government, or entity. The authority may receive money or other assets from any source for deposit into the fund, including, but not limited to, federal funds, gifts, bequests, and donations.
(4)The authority shall invest the money and credit the earnings from the investments to the fund in accordance with section 22.
(5)Money appropriated to the fund or to the authority for the fund shall be available for disbursement by the authority upon appropriation.
(6)Money in the fund at the close of a fiscal year shall remain in the fund and shall not lapse to the general fund.
History: Add. 2004, Act 480 , Imd. Eff. Dec. 28, 2004 ;-- Am. 2008, Act 216 , Imd. Eff. July 16, 2008
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.