reglab/housing_qa huggingface dataset:
MI Comp L § 125.1439 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 346 of 1966 - State Housing Development Authority Act of 1966 (125.1401 - 125.1499c)|346-1966-2 - Chapter 2 (125.1421...125.1449v)|Section 125.1439 - Money of Authority; Deposit; Security for Deposits; Contracts With Holders of Notes or Bonds; Security for Money Held in Trust; System of Accounts; Spending for Operating Purposes; Periodic Audits; Copies.

125.1439 Money of authority; deposit; security for deposits; contracts with holders of notes or bonds; security for money held in trust; system of accounts; spending for operating purposes; periodic audits; copies. Sec. 39.  (1) Money of the authority shall be held by the authority and deposited in a bank, national banking association, or a savings and loan association approved by the state treasurer. All deposits of money which are not fully insured by an agency of the United States shall, if required by the state treasurer or the authority, be secured by obligations of the United States, agencies of the United States, or of the state or of municipalities within the state, of a market value equal at all times to the uninsured amount of the deposit. All banks, national banking associations, and savings and loan associations may give security for the deposits.  (2) The authority may, subject to the approval of the state treasurer, contract with the holders of any of its notes or bonds as to the custody, collection, securing, investment, and payment of moneys of the authority, of any moneys held in trust or otherwise for the payment of notes or bonds, and to carry out the contract. Money held in trust or otherwise for the payment of notes or bonds or in any way to secure notes or bonds and deposits of money may be secured in the same manner as money of the authority, and all banks and trust companies may give security for the deposits.  (3) Subject to agreements with noteholders and bondholders and to the approval of the auditor general, the authority shall prescribe a system of accounts.  (4) The authority may spend for operating purposes the funds appropriated to it annually by the legislature for operating purposes or funds otherwise authorized. The auditor general shall make periodic audits of the books and records of the authority at least every 3 years and submit copies of those audits to the legislature. History: 1966, Act 346, Eff. Mar. 10, 1967 ;-- Am. 1972, Act 310, Imd. Eff. Dec. 28, 1972 ;-- Am. 1976, Act 410, Imd. Eff. Jan. 9, 1977 ;-- Am. 1980, Act 472, Imd. Eff. Jan. 17, 1981 ;-- Am. 1985, Act 183, Imd. Eff. Dec. 18, 1985
MI Comp L § 125.1440 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 346 of 1966 - State Housing Development Authority Act of 1966 (125.1401 - 125.1499c)|346-1966-2 - Chapter 2 (125.1421...125.1449v)|Section 125.1440 - Notes and Bonds; Legal Investment.

125.1440 Notes and bonds; legal investment.  Sec. 40.  The notes and bonds of the authority are securities in which all public officers and bodies of this state and all municipalities and municipal subdivisions, all insurance companies and associations, and other persons carrying on an insurance business, all banks, trust companies, savings banks and savings associations, savings and loan associations, investment companies, all administrators, guardians, executors, trustees and other fiduciaries, and all other persons whatsoever who are now or may hereafter be authorized to invest in bonds or other obligations of the state, may properly and legally invest funds, including capital, in their control or belonging to them. History: 1966, Act 346, Eff. Mar. 10, 1967
MI Comp L § 125.1441 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 346 of 1966 - State Housing Development Authority Act of 1966 (125.1401 - 125.1499c)|346-1966-2 - Chapter 2 (125.1421...125.1449v)|Section 125.1441 - Faith and Credit Bonds.

125.1441 Faith and credit bonds. Sec. 41.  The authority from time to time at its discretion may recommend an issuance of faith and credit bonds to the legislature for a vote of the people. History: 1966, Act 346, Eff. Mar. 10, 1967
MI Comp L § 125.1442 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 346 of 1966 - State Housing Development Authority Act of 1966 (125.1401 - 125.1499c)|346-1966-2 - Chapter 2 (125.1421...125.1449v)|Section 125.1442 - Property of Authority; Exempt From Taxation.

125.1442 Property of authority; exempt from taxation. Sec. 42.  The property of the authority and its income and operation shall be exempt from all taxation by the state or any of its political subdivisions and all bonds and notes of the authority shall be exempt from all taxation by the state or any of its political subdivisions. History: 1966, Act 346, Eff. Mar. 10, 1967 ;-- Am. 1968, Act 343, Imd. Eff. June 19, 1968
MI Comp L § 125.1443 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 346 of 1966 - State Housing Development Authority Act of 1966 (125.1401 - 125.1499c)|346-1966-2 - Chapter 2 (125.1421...125.1449v)|Section 125.1443 - Notes and Bonds; Exemption From Taxation.

125.1443 Notes and bonds; exemption from taxation. Sec. 43.  The state covenants with the purchasers and all subsequent holders and transferees of notes and bonds issued by the authority, in consideration of the acceptance of and payment for the notes and bonds, that the notes and bonds of the authority, issued pursuant to this act and the income therefrom and all its fees, charges, gifts, grants, revenues, receipts, and other moneys received or to be received, pledged to pay or secure the payment of such notes or bonds shall at all times be free and exempt from all state, city, county or other taxation provided by the laws of the state, except for estate and gift taxes and taxes on transfers.  History: 1966, Act 346, Eff. Mar. 10, 1967
MI Comp L § 125.1443a (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 346 of 1966 - State Housing Development Authority Act of 1966 (125.1401 - 125.1499c)|346-1966-2 - Chapter 2 (125.1421...125.1449v)|Section 125.1443a - Authorization of Covenant and Consent.

125.1443a Authorization of covenant and consent. Sec. 43a.  The authority may covenant and consent in any resolution authorizing the issuance of notes or bonds that such notes or bonds shall be treated as an obligation not described in section 103(a) of the internal revenue code or any successor provision. This section shall not be construed to covenant or consent or to authorize any covenant or consent to the application of any other provision of any other laws, federal or state, to the authority or its obligations or to the elimination or modification in any way of any other exemption, privilege, or immunity of the authority or its obligations. History: Add. 1984, Act 215, Imd. Eff. July 10, 1984
MI Comp L § 125.1444d (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 346 of 1966 - State Housing Development Authority Act of 1966 (125.1401 - 125.1499c)|346-1966-2 - Chapter 2 (125.1421...125.1449v)|Section 125.1444d - Authorized Loans; Purpose; Criteria.

125.1444d Authorized loans; purpose; criteria.  Sec. 44d.  (1) The authority may make loans to any nonprofit housing corporation, consumer housing cooperative, limited dividend housing corporation, limited dividend housing association, mobile home park association, or mobile home park corporation, or to any public body or agency for the construction or rehabilitation, and for the long-term financing, of housing projects that meet the following criteria:  (a) The housing project provides a system of support services that promote and preserve the independent living of persons with disabilities, the elderly, or other persons at risk of institutionalization.  (b) Social, recreational, medical, and shopping facilities are readily accessible to the residents who cannot provide their own transportation.  (c) An affordable, daily demand actuated transportation system is integrated into the project for elderly and residents with disabilities who are unable to transport themselves.  History: Add. 1987, Act 86, Imd. Eff. June 30, 1987 ;-- Am. 1998, Act 33, Imd. Eff. Mar. 18, 1998
MI Comp L § 125.1444e (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 346 of 1966 - State Housing Development Authority Act of 1966 (125.1401 - 125.1499c)|346-1966-2 - Chapter 2 (125.1421...125.1449v)|Section 125.1444e - Income Eligibility Standards Applicable to Tenant of Housing Project.

125.1444e Income eligibility standards applicable to tenant of housing project. Sec. 44e.  Income eligibility standards applicable to a tenant of a housing project financed under this act shall be complied with at the time of the initial occupancy of the tenant. The authority shall require subsequent compliance with income eligibility standards by an initially eligible tenant only to the extent that the authority determines that compliance is necessary or desirable to effectuate the purposes of this act or applicable federal law. History: Add. 1987, Act 179, Imd. Eff. Nov. 25, 1987
MI Comp L § 125.1444g (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 346 of 1966 - State Housing Development Authority Act of 1966 (125.1401 - 125.1499c)|346-1966-2 - Chapter 2 (125.1421...125.1449v)|Section 125.1444g - Enforcement of Promises or Commitments; Action to Be Brought Against Authority.

125.1444g Enforcement of promises or commitments; action to be brought against authority. Sec. 44g.  An action shall not be brought against the authority to enforce any of the following promises or commitments of the authority unless the promise or commitment is in writing and signed with an authorized signature by the authority:  (a) A promise or commitment to lend money, grant or extend credit, or make any other financial accommodation.   (b) A promise or commitment to renew, extend, modify, or permit a delay in repayment or performance of a loan, extension of credit, or other financial accommodation.   (c) A promise or commitment to waive a provision of a loan, extension of credit, or other financial accommodation. History: Add. 1996, Act 475, Imd. Eff. Dec. 26, 1996
MI Comp L § 125.1445 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 346 of 1966 - State Housing Development Authority Act of 1966 (125.1401 - 125.1499c)|346-1966-2 - Chapter 2 (125.1421...125.1449v)|Section 125.1445 - Preference to Displaced Persons.

125.1445 Preference to displaced persons.  Sec. 45.  Among low income or moderate income persons, preference shall be given to those displaced by urban renewal, slum clearance, or other governmental action. History: 1966, Act 346, Eff. Mar. 10, 1967 ;-- Am. 1968, Act 343, Imd. Eff. July 19, 1968 ;-- Am. 1993, Act 220, Imd. Eff. Oct. 29, 1993
MI Comp L § 125.1446 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 346 of 1966 - State Housing Development Authority Act of 1966 (125.1401 - 125.1499c)|346-1966-2 - Chapter 2 (125.1421...125.1449v)|Section 125.1446 - Discrimination.

125.1446 Discrimination. Sec. 46.  The authority shall require that occupancy of housing projects and residential real property assisted under this act shall be open to all regardless of sex, race, religion, color, national origin, age, marital status, familial status, or disability and that contractors and subcontractors engaged in the construction of housing projects and lending institutions engaged in making residential mortgages, shall take affirmative action to assure an equal opportunity for employment and borrowing. This section does not apply, with respect to the age and familial status provisions only, to the sale, rental, or lease of housing accommodations meeting the requirements of federal, state, or local housing programs for senior citizens, or housing accommodations otherwise intended, advertised, designed, or operated, bona fide, for the purpose of providing housing accommodations for persons 55 years of age or older. History: 1966, Act 346, Eff. Mar. 10, 1967 ;-- Am. 1976, Act 410, Imd. Eff. Jan. 9, 1977 ;-- Am. 1985, Act 183, Imd. Eff. Dec. 18, 1985 ;-- Am. 1993, Act 220, Imd. Eff. Oct. 29, 1993 ;-- Am. 2000, Act 257, Imd. Eff. June 29, 2000
MI Comp L § 125.1448 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 346 of 1966 - State Housing Development Authority Act of 1966 (125.1401 - 125.1499c)|346-1966-2 - Chapter 2 (125.1421...125.1449v)|Section 125.1448 - Foreclosure Procedures Applicable to Authority.

125.1448 Foreclosure procedures applicable to authority. Sec. 48.  In addition to other procedures and remedies which may otherwise be available to the authority, the foreclosure procedures set forth in sections 48a to 49u shall be applicable to the authority for the foreclosure of a mortgage or land contract held by the authority and commenced after the effective date of this section. History: Add. 1981, Act 173, Imd. Eff. Dec. 10, 1981
MI Comp L § 125.1448a (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 346 of 1966 - State Housing Development Authority Act of 1966 (125.1401 - 125.1499c)|346-1966-2 - Chapter 2 (125.1421...125.1449v)|Section 125.1448a - Jurisdiction to Foreclose Mortgages and Land Contracts Held by Authority.

125.1448a Jurisdiction to foreclose mortgages and land contracts held by authority. Sec. 48a.  The circuit court has jurisdiction to foreclose mortgages of real estate and land contracts held by the authority. History: Add. 1981, Act 173, Imd. Eff. Dec. 10, 1981
MI Comp L § 125.1448b (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 346 of 1966 - State Housing Development Authority Act of 1966 (125.1401 - 125.1499c)|346-1966-2 - Chapter 2 (125.1421...125.1449v)|Section 125.1448b - Other Civil Actions.

125.1448b Other civil actions. Sec. 48b.  (1) If a judgment has been obtained in any other civil action for the money, or part thereof, demanded in the complaint in an action to foreclose a mortgage on real estate or a land contract held by the authority, no proceeding shall be had in the action to foreclose unless the sheriff or other proper officer has returned an execution as unsatisfied, in whole or in part, and certified that he or she can find no property of the defendant out of which to satisfy the execution except the mortgaged premises.  (2) After a complaint has been filed to foreclose a mortgage on real estate or land contract held by the authority, while it is pending, and after a judgment has been rendered upon it, no separate proceeding shall be had for the recovery of the debt secured by the mortgage, or any part of it, unless authorized by the court. History: Add. 1981, Act 173, Imd. Eff. Dec. 10, 1981
MI Comp L § 125.1448c (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 346 of 1966 - State Housing Development Authority Act of 1966 (125.1401 - 125.1499c)|346-1966-2 - Chapter 2 (125.1421...125.1449v)|Section 125.1448c - Bringing Amount Due Into Court Before Judgment of Sale; Dismissal of Complaint.

125.1448c Bringing amount due into court before judgment of sale; dismissal of complaint. Sec. 48c.  Whenever a complaint is filed for the satisfaction or foreclosure of any mortgage on real estate or land contract held by the authority, upon which there is due any interest or any portion or installment of the principal and there are other portions or installments to become due subsequently, the complaint shall be dismissed upon the defendant's bringing into court, at any time before the judgment of sale, the principal and interest due, with costs. History: Add. 1981, Act 173, Imd. Eff. Dec. 10, 1981
MI Comp L § 125.1448d (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 346 of 1966 - State Housing Development Authority Act of 1966 (125.1401 - 125.1499c)|346-1966-2 - Chapter 2 (125.1421...125.1449v)|Section 125.1448d - Sale of Premises Pursuant to Circuit Court Order.

125.1448d Sale of premises pursuant to circuit court order. Sec. 48d.  Whenever a complaint is filed for the foreclosure or satisfaction of any mortgage on real estate or land contract held by the authority, the court has power to order a sale of the premises which are the subject of the mortgage on real estate or land contract held by the authority, or of that part of the premises which is sufficient to discharge the amount due on the mortgage on real estate or land contract held by the authority, plus costs. But the circuit judge shall not order that the lands subject to the mortgage be sold within 6 months after the filing of the complaint for foreclosure of the mortgage or that the lands which are the subject of the land contract be sold within 3 months after the filing of the complaint for foreclosure of the land contract. History: Add. 1981, Act 173, Imd. Eff. Dec. 10, 1981
MI Comp L § 125.1448e (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 346 of 1966 - State Housing Development Authority Act of 1966 (125.1401 - 125.1499c)|346-1966-2 - Chapter 2 (125.1421...125.1449v)|Section 125.1448e - Bringing Amount Due Into Court After Judgment of Sale; Stay of Proceedings; Subsequent Default.

125.1448e Bringing amount due into court after judgment of sale; stay of proceedings; subsequent default. Sec. 48e.  If, after a judgment of sale is entered against him or her, the defendant brings into court the principal and interest due with costs, the proceedings in the action shall be stayed; but the court shall enter a judgment of foreclosure and sale to be enforced by a further order of the court upon a subsequent default in the payment of any portion or installment of the principal, or of any interest thereafter to become due. History: Add. 1981, Act 173, Imd. Eff. Dec. 10, 1981
MI Comp L § 125.1448f (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 346 of 1966 - State Housing Development Authority Act of 1966 (125.1401 - 125.1499c)|346-1966-2 - Chapter 2 (125.1421...125.1449v)|Section 125.1448f - Public Sale of Land by County Clerk, Deputy County Clerk, or Other Authorized Person; Hours; Location; Sale Subject to MCL 600.6091.

125.1448f Public sale of land by county clerk, deputy county clerk, or other authorized person; hours; location; sale subject to MCL 600.6091. Sec. 48f.  All sales of land on foreclosure of a land contract or mortgage on real estate held by the authority shall be made by the county clerk of the county in which the judgment was rendered or of the county where the land or some part of the land is situated, by a deputy county clerk, or by some other person duly authorized by the order of the court. These sales shall be at public sale between the hours of 9 a.m. and 4 p.m. and shall take place at the courthouse or place of holding of the circuit court for the county in which the land or some part of it is situated or at any other place the court directs. The sale is subject to section 6091 of Act No. 236 of the Public Acts of 1961, as amended, being section 600.6091 of the Michigan Compiled Laws. History: Add. 1981, Act 173, Imd. Eff. Dec. 10, 1981
MI Comp L § 125.1448g (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 346 of 1966 - State Housing Development Authority Act of 1966 (125.1401 - 125.1499c)|346-1966-2 - Chapter 2 (125.1421...125.1449v)|Section 125.1448g - Deed of Sale; Execution; Operation; Right, Title, and Interest Vested in Grantee; Recordation; Redemption of Premises.

125.1448g Deed of sale; execution; operation; right, title, and interest vested in grantee; recordation; redemption of premises.  Sec. 48g.  (1) The person making the sale shall execute deeds specifying the names of the parties in the action, the date of the land contract or mortgage held by the authority, when and where it was recorded, a description of the premises sold, and the amount for which each parcel of land described in the deed was sold; and shall indorse upon each deed the time it becomes operative if the premises are not redeemed according to law. Unless the premises or any parcel of them are redeemed within the time limited for redemption the deed shall become operative as to all parcels not redeemed, and shall vest in the grantee named in the deed or his or her heirs or assigns all the right, title, and interest which the mortgagor had at the time of the execution of the mortgage or at any time thereafter.  (2) The deed of sale as soon as practicable, and within 20 days after the sale, shall be deposited with the register of deeds of the county in which the land described in the deed of sale is situated, and the register shall indorse upon the deed the time it was received and shall record the deed at length in a book to be provided in his or her office for that purpose and shall index the deed in the regular index of deeds, and the fee for recording the deed shall be included among the other costs and expenses allowed by law. If the premises or any parcel of them are redeemed the register of deeds shall write on the face of the record the word "redeemed" and shall write at what date the entry is made and sign the entry with his or her official signature.  History: Add. 1981, Act 173, Imd. Eff. Dec. 10, 1981
MI Comp L § 125.1448h (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 346 of 1966 - State Housing Development Authority Act of 1966 (125.1401 - 125.1499c)|346-1966-2 - Chapter 2 (125.1421...125.1449v)|Section 125.1448h - Sale Proceeds; Application to Discharge of Debt; Surplus; Interest.

125.1448h Sale proceeds; application to discharge of debt; surplus; interest. Sec. 48h.  (1) The proceeds of every sale under a judgment shall be applied to the discharge of the debt adjudged by the court to be due and of the costs awarded. If there is any surplus, it shall be brought into court for the use of the defendant, or of the person entitled to it, subject to the order of the court.  (2) If the surplus or any part of it remains in the court for the term of 3 months without being applied for, the circuit court may direct that it be put out at interest under the direction of the court for the benefit of the defendant or his or her representatives, or assigns to be paid to them by the order of the court.  History: Add. 1981, Act 173, Imd. Eff. Dec. 10, 1981