reglab/housing_qa huggingface dataset:
MI Comp L § 390.1153 (2021)
2021 Michigan Compiled Laws|Chapter 390 - Universities and Colleges|Act 222 of 1975 - Higher Education Loan Authority Act (390.1151 - 390.1165)|Section 390.1153 - Authority; Creation; Autonomous Entity; Members; Terms; Quorum; Action by Authority; Meetings.

390.1153 Authority; creation; autonomous entity; members; terms; quorum; action by authority; meetings. Sec. 3.  (1) The Michigan higher education student loan authority is created as a public body corporate and politic within the department of education. The authority shall exercise its powers as an autonomous entity, independent of the director of the department of education.  (2) The authority shall consist of the members of the Michigan higher education assistance authority, as provided by section 2 of Act No. 77 of the Public Acts of 1960, as amended, being section 390.952 of the Michigan Compiled Laws. The terms of office of the members shall be the same as prescribed in section 3 of Act No. 77 of the Public Acts of 1960, being section 390.953 of the Michigan Compiled Laws.  (3) A majority of the members of the authority qualified and serving constitutes a quorum for the purpose of conducting its business and exercising its powers and for all other purposes, notwithstanding the existence of a vacancy. Action may be taken by the authority upon a vote of a majority of the members present, unless the bylaws of the authority require a larger number. Meetings of the authority may be held anywhere within the state. History: 1975, Act 222, Eff. Oct. 1, 1975 ;-- Am. 1989, Act 127, Imd. Eff. June 28, 1989 Compiler's Notes: For transfer of authority, powers, duties, functions, and responsibilities of the Michigan higher education assistance authority, the Michigan higher education student loan authority, and the office of student financial assistance services in the department of education to the department of treasury, see E.R.O. No. 1995-2, compiled at MCL 12.181 of the Michigan Compiled Laws.For replacement of the superintendent of public instruction as an ex officio member and chairperson of the Michigan higher education assistance authority and the Michigan higher education student loan authority by the state treasurer, see E.R.O. No. 1995-2, compiled at MCL 12.181 of the Michigan Compiled Laws.For abolishment of governing body of Michigan higher education student loan authority, see E.R.O. No. 2010-2, compiled at MCL 12.194.
MI Comp L § 390.1154a (2021)
2021 Michigan Compiled Laws|Chapter 390 - Universities and Colleges|Act 222 of 1975 - Higher Education Loan Authority Act (390.1151 - 390.1165)|Section 390.1154a - Loans to Students or Parents of Students; Purpose; Rules.

390.1154a Loans to students or parents of students; purpose; rules. Sec. 4a.  In addition to the powers enumerated in section 4, the authority may loan money to students or parents of students who are residents of this state to assist them to pay for the cost of the student's attendance at a degree-granting college or university located in this state. The authority shall promulgate rules under the administrative procedures act of 1969, Act No. 306 of the Public Acts of 1969, being sections 24.201 to 24.328 of the Michigan Compiled Laws, to establish payment and repayment terms for the loans authorized under this section. History: Add. 1989, Act 96, Imd. Eff. June 21, 1989 Admin Rule: R 390.1621 et seq. of the Michigan Administrative Code.
MI Comp L § 390.1156 (2021)
2021 Michigan Compiled Laws|Chapter 390 - Universities and Colleges|Act 222 of 1975 - Higher Education Loan Authority Act (390.1151 - 390.1165)|Section 390.1156 - Bonds; Pledge and Agreement of State.

390.1156 Bonds; pledge and agreement of state. Sec. 6.  The state pledges and agrees with the holders of bonds issued under this act that the state shall not limit or alter the rights vested in the authority to fulfill the terms of an agreement made with the holders of the bonds, and shall not impair the rights and remedies of the holders until the bonds, together with the interest on the bonds and interest on any unpaid installments of interest, and all costs and expenses in connection with an action or proceeding by or on behalf of those holders, are fully met and discharged. The authority is authorized to include this pledge and agreement of the state in an agreement with the holders of the bonds. History: 1975, Act 222, Eff. Oct. 1, 1975
MI Comp L § 390.1157 (2021)
2021 Michigan Compiled Laws|Chapter 390 - Universities and Colleges|Act 222 of 1975 - Higher Education Loan Authority Act (390.1151 - 390.1165)|Section 390.1157 - Bonds as Investment Securities.

390.1157 Bonds as investment securities. Sec. 7.  The bonds of the authority are securities, in which public officers and bodies of this state, municipalities and municipal subdivisions, insurance companies and associations, persons carrying on an insurance business, banks, trust companies, savings banks and savings associations, savings and loan associations, investment companies, administrators, guardians, executors, trustees, other fiduciaries, and all other persons who are 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: 1975, Act 222, Eff. Oct. 1, 1975
MI Comp L § 390.1158 (2021)
2021 Michigan Compiled Laws|Chapter 390 - Universities and Colleges|Act 222 of 1975 - Higher Education Loan Authority Act (390.1151 - 390.1165)|Section 390.1158 - Disposition of Moneys of Authority; Contracts With Holders of Bonds; Audit.

390.1158 Disposition of moneys of authority; contracts with holders of bonds; audit. Sec. 8.  (1) The moneys of the authority, except as otherwise authorized or provided in this section, shall be paid to the state treasurer as an agent of the authority, or a fiscal agent as approved by the state treasurer, who shall not commingle the moneys with other moneys. The moneys shall be deposited in a separate bank account or accounts. The moneys in the accounts shall be paid out on warrants signed by the state treasurer or on checks or drafts of the fiscal agent approved by the state treasurer, on requisition of the chair of the authority or of another officer or employee authorized by the authority to make the requisition. Priority in the allocation for deposits in banks of funds received or collected by the authority under this act shall be based upon the interest rate offered by the bank for the deposit and the extent of the bank's participation as a lender for guaranteed student loans made pursuant to section 7 of Act No. 77 of the Public Acts of 1960, as amended, being section 390.957 of the Michigan Compiled Laws.  (2) The authority, subject to the approval of the state treasurer, may contract with the holders of its bonds as to the custody, collection, securing, investment, and payment of moneys of the authority, or of moneys held in trust or otherwise for the payment of bonds.  (3) The financial records of the authority shall be audited annually by the auditor general or by a certified public accountant appointed by the auditor general. History: 1975, Act 222, Eff. Oct. 1, 1975 ;-- Am. 1978, Act 253, Imd. Eff. June 20, 1978 ;-- Am. 1987, Act 206, Eff. Jan. 1, 1988
MI Comp L § 390.1158a (2021)
2021 Michigan Compiled Laws|Chapter 390 - Universities and Colleges|Act 222 of 1975 - Higher Education Loan Authority Act (390.1151 - 390.1165)|Section 390.1158a - Talent Investment Fund; Creation; Deposit of Money and Other Assets; Money Remaining at Close of Fiscal Year; Administration; Use of Fund.

390.1158a Talent investment fund; creation; deposit of money and other assets; money remaining at close of fiscal year; administration; use of fund.Sec. 8a.  (1) The talent investment fund is created within the state treasury.  (2) The state treasurer may receive money or other assets from any source for deposit into the talent investment fund. The state treasurer shall direct the investment of the talent investment fund in accordance with section 4(h). The state treasurer shall credit to the talent investment fund interest and earnings from talent investment fund investments.  (3) Money in the talent investment fund at the close of the fiscal year shall remain in the talent investment fund and shall not lapse to the general fund.  (4) The department of treasury may be the administrator of the talent investment fund for auditing purposes.  (5) The department of treasury shall expend money from the fund, upon appropriation, only for the purpose of enhancing the economic talent of Michigan residents, increasing access to academic and technical credentials or certifications, improving educational opportunities, or other purposes as provided by law. History: Add. 2018, Act 228, Imd. Eff. June 27, 2018
MI Comp L § 390.1159 (2021)
2021 Michigan Compiled Laws|Chapter 390 - Universities and Colleges|Act 222 of 1975 - Higher Education Loan Authority Act (390.1151 - 390.1165)|Section 390.1159 - Tax Exemptions; Bonds and Interest Coupons Negotiable; Registration of Bonds.

390.1159 Tax exemptions; bonds and interest coupons negotiable; registration of bonds. Sec. 9.  (1) The authority shall not be required to pay taxes on property owned by the authority under this act or upon the income derived from the property. The bonds issued under this act, their transfer, and the income derived from the bonds, including a profit made on the sale of the bonds, shall be exempt from taxation by the state, a local unit of government or political subdivision, or other instrumentality of the state notwithstanding that the interest may be subject to federal income tax.  (2) Bonds issued under this act and the interest coupons, if any, attached to the bonds shall be fully negotiable and have all of the qualities incident to negotiable instruments under the uniform commercial code, Act No. 174 of the Public Acts of 1962, as amended, being sections 440.1101 to 440.11102 of the Michigan Compiled Laws, subject only to the provisions for registration of the bonds which may appear on the bonds. History: 1975, Act 222, Eff. Oct. 1, 1975 ;-- Am. 1984, Act 259, Imd. Eff. Dec. 7, 1984 ;-- Am. 1987, Act 206, Eff. Jan. 1, 1988
MI Comp L § 390.1160 (2021)
2021 Michigan Compiled Laws|Chapter 390 - Universities and Colleges|Act 222 of 1975 - Higher Education Loan Authority Act (390.1151 - 390.1165)|Section 390.1160 - Pledge by Authority; Lien of Pledge; Recording Not Required.

390.1160 Pledge by authority; lien of pledge; recording not required. Sec. 10.  A pledge made by the authority shall be valid and binding from the time the pledge is made. The moneys or property pledged and thereafter received by the authority shall immediately be subject to the lien of the pledge without physical delivery or further act. The lien of the pledge shall be valid and binding against all parties having a claim in tort, contract, or otherwise against the authority, irrespective of whether the parties have notice of the claim. Neither the resolution nor another instrument by which a pledge is created need be recorded. History: 1975, Act 222, Eff. Oct. 1, 1975
MI Comp L § 390.1161 (2021)
2021 Michigan Compiled Laws|Chapter 390 - Universities and Colleges|Act 222 of 1975 - Higher Education Loan Authority Act (390.1151 - 390.1165)|Section 390.1161 - Default; Appointment and Powers of Trustee; Rights of Bondholders and Trustee.

390.1161 Default; appointment and powers of trustee; rights of bondholders and trustee. Sec. 11.  (1) If the authority defaults in the payment of principal of or interest on an issue of bonds after the issue becomes due, whether at maturity or upon call for redemption, and the default continues for 30 days, or if the authority fails or refuses to comply with this act, or defaults in an agreement made with the holders of an issue of bonds, the holders of 25% in aggregate principal amount of the bonds of the issue then outstanding, by instrument or instruments filed in the office of the clerk of the county of Ingham and approved or acknowledged in the same manner as a deed to be recorded, may appoint a trustee to represent the holders of the bonds for the purposes provided in this section.  (2) The trustee may, and upon written request of the holders of 25% in principal amount of the bonds then outstanding shall, in his own name, by action or proceeding, enforce all rights of the bondholders, including the right to require the authority to collect fees, charges, interest, and amortization payments of loans made by it adequate to carry out the agreement as to, or pledge of, the fees, charges, interest, and amortization payment on the loans and other properties and to require the authority to carry out other agreements with the holders of the bonds and to perform its duties under this act; bring an action upon the bonds; bring an action to require the authority to account as if it were the trustee of an express trust for the holders of the bonds due and payable, and if all defaults are made good, then, with the consent of the holders of 25% of the principal amount of the bonds then outstanding, to annul the declaration and its consequences.  (3) The holders of bonds and the trustee authorized by this section shall have all of the rights to which they are entitled by virtue of provisions included in the bonds or otherwise available to them under law. History: 1975, Act 222, Eff. Oct. 1, 1975
MI Comp L § 390.1163 (2021)
2021 Michigan Compiled Laws|Chapter 390 - Universities and Colleges|Act 222 of 1975 - Higher Education Loan Authority Act (390.1151 - 390.1165)|Section 390.1163 - Personal Liability.

390.1163 Personal liability. Sec. 13.  A member of the authority or a person executing the notes, bonds, or other obligations of the authority is not personally liable for the repayment of the note, bond, or other obligation or subject to personal liability or accountability by reason of the issuance or nonissuance thereof. History: 1975, Act 222, Eff. Oct. 1, 1975
MI Comp L § 390.1164 (2021)
2021 Michigan Compiled Laws|Chapter 390 - Universities and Colleges|Act 222 of 1975 - Higher Education Loan Authority Act (390.1151 - 390.1165)|Section 390.1164 - Repealed. 1976, Act 163, Imd. Eff. June 21, 1976.

390.1164 Repealed. 1976, Act 163, Imd. Eff. June 21, 1976. Compiler's Notes: The repealed section provided for an advisory opinion as to constitutionality.
MI Comp L § 390.1165 (2021)
2021 Michigan Compiled Laws|Chapter 390 - Universities and Colleges|Act 222 of 1975 - Higher Education Loan Authority Act (390.1151 - 390.1165)|Section 390.1165 - Effective Date.

390.1165 Effective date. Sec. 15.  This act shall not take effect until October 1, 1975. History: 1975, Act 222, Eff. Oct. 1, 1975
MI Comp L § 390.1181 (2021)
2021 Michigan Compiled Laws|Chapter 390 - Universities and Colleges|Act 591 of 2002 - Michigan Nursing Scholarship Act (390.1181 - 390.1189)|Section 390.1181 - Short Title.

390.1181 Short title. Sec. 1.  This act shall be known and may be cited as the "Michigan nursing scholarship act". History: 2002, Act 591, Imd. Eff. Oct. 17, 2002 Compiler's Notes: For transfer of powers and duties of Michigan higher education assistance authority to department of treasury, see E.R.O. No. 2010-2, compiled at MCL 124.194.
MI Comp L § 390.1182 (2021)
2021 Michigan Compiled Laws|Chapter 390 - Universities and Colleges|Act 591 of 2002 - Michigan Nursing Scholarship Act (390.1181 - 390.1189)|Section 390.1182 - Definitions.

390.1182 Definitions.Sec. 2.  As used in this act:  (a) "Authority" means the Michigan higher education assistance authority created by 1960 PA 77, MCL 390.951 to 390.961.  (b) "Eligible costs" means tuition and fees charged by an eligible institution; related costs for room, board, books, supplies, transportation, or day care; and other costs determined by the authority.  (c) "Eligible employment" means either of the following:  (i) Teaching in a nursing program.  (ii) A registered nurse or licensed practical nurse providing full-time nursing care, or part-time nursing care if section 7 applies, in a ward, emergency department, emergency room, operating room, or trauma center of a hospital licensed under article 17 of the public health code, 1978 PA 368, MCL 333.20101 to 333.22260, in a nursing home or hospice licensed under article 17 of the public health code, 1978 PA 368, MCL 333.20101 to 333.22260, in a health facility or agency licensed under article 17 of the public health code, 1978 PA 368, MCL 333.20101 to 333.22260, that provides nonemergency health care to patients without receiving compensation for providing that nonemergency health care, or in a clinic or other health care program operated by a local health department that provides 1 or more required services under part 24 of the public health code, 1978 PA 368, MCL 333.2401 to 333.2498, or as an employee of a home health care agency providing home patient care.  (d) "Eligible institution" means a degree or certificate granting public or independent nonprofit college or university, junior college, or community college in this state.  (e) "Licensed practical nurse" means an individual licensed to engage in the practice of nursing as a licensed practical nurse as defined in section 17201 of the public health code, 1978 PA 368, MCL 333.17201.  (f) "Nursing program" means either of the following:  (i) A program for the training of individuals to become registered nurses or licensed practical nurses operated in this state by an eligible institution and approved by the Michigan board of nursing.  (ii) A master's degree in nursing program operated in this state by an eligible institution and approved by the Michigan board of nursing.  (g) "Registered professional nurse" means that term as defined in section 17201 of the public health code, 1978 PA 368, MCL 333.17201. History: 2002, Act 591, Imd. Eff. Oct. 17, 2002 ;-- Am. 2006, Act 444, Imd. Eff. Nov. 27, 2006 Compiler's Notes: For transfer of powers and duties of Michigan higher education assistance authority to department of treasury, see E.R.O. No. 2010-2, compiled at MCL 124.194.
MI Comp L § 390.1183 (2021)
2021 Michigan Compiled Laws|Chapter 390 - Universities and Colleges|Act 591 of 2002 - Michigan Nursing Scholarship Act (390.1181 - 390.1189)|Section 390.1183 - Michigan Nursing Scholarship Program; Creation; Administration; Duties of Authority.

390.1183 Michigan nursing scholarship program; creation; administration; duties of authority. Sec. 3.  The Michigan nursing scholarship program is created, to be administered by the authority. The authority shall do all of the following:  (a) Award scholarships to eligible students pursuant to this act.  (b) Develop a scholarship agreement to be entered into by a scholarship recipient and the authority that contains the terms of a scholarship made under this act and the rights and obligations of the scholarship recipient and the authority.  (c) Collect repayment of scholarships if required under section 7.  (d) Conduct periodic audits of scholarship recipients to ensure compliance with the terms of the scholarship agreement and take necessary steps to enforce the terms of the scholarship agreement.  (e) Publicize the Michigan nursing scholarship program and recruit qualifying students to participate in the Michigan nursing scholarship program.  (f) Promulgate rules, as necessary to implement this act, pursuant to the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328. The rules may include additional standards of eligibility for students to receive scholarships under this act. History: 2002, Act 591, Imd. Eff. Oct. 17, 2002 Compiler's Notes: For transfer of powers and duties of Michigan higher education assistance authority to department of treasury, see E.R.O. No. 2010-2, compiled at MCL 124.194.
MI Comp L § 390.1184 (2021)
2021 Michigan Compiled Laws|Chapter 390 - Universities and Colleges|Act 591 of 2002 - Michigan Nursing Scholarship Act (390.1181 - 390.1189)|Section 390.1184 - Scholarship Award; Criteria.

390.1184 Scholarship award; criteria. Sec. 4.  The authority may award a scholarship under this act to an individual determined by the authority to meet all of the following eligibility criteria:  (a) Is a United States citizen or permanent resident of the United States.  (b) Has resided continuously in this state for the 12 months immediately preceding the date of his or her application and is not a resident of any other state.  (c) Is enrolled or has been accepted into a nursing program.  (d) Has signed a written scholarship agreement with the authority stating the individual's intention to pursue nursing as a career and to serve in eligible employment in this state for not less than 1 of the following periods:  (i) One year if the individual received scholarship assistance under this act in 1 academic year of full-time enrollment in a nursing program.  (ii) Two years if the individual received scholarship assistance under this act in 2 academic years of full-time enrollment in a nursing program.  (iii) Three years if the individual received scholarship assistance under this act in 3 academic years of full-time enrollment in a nursing program.  (iv) Four years if the individual received scholarship assistance under this act in 4 academic years of full-time enrollment in a nursing program.  (e) Is in compliance with this act and the rules promulgated under this act.  (f) Has not been convicted of a felony involving an assault, physical injury, or death.  (g) Meets any other standards established in rules promulgated by the authority under section 3. History: 2002, Act 591, Imd. Eff. Oct. 17, 2002
MI Comp L § 390.1185 (2021)
2021 Michigan Compiled Laws|Chapter 390 - Universities and Colleges|Act 591 of 2002 - Michigan Nursing Scholarship Act (390.1181 - 390.1189)|Section 390.1185 - Scholarship Amount; Determination; Limitation.

390.1185 Scholarship amount; determination; limitation. Sec. 5.  (1) Subject to subsection (2), each scholarship recipient shall receive a $4,000.00 scholarship for 1 academic year of full-time enrollment, or a partial scholarship for part-time enrollment, in a nursing program. The authority shall determine the amount of a partial scholarship by multiplying $4,000.00 by the number of credit hours for which a student enrolls in an academic year, and dividing the product by 30 if the nursing program uses semester credits or by 45 if the nursing program uses term credits.  (2) A scholarship described in subsection (1) shall not exceed an amount equal to the recipient's eligible costs minus any other grants or scholarships the recipient receives in any academic year in a nursing program.  (3) An individual shall not receive scholarship assistance for more than 4 academic years. History: 2002, Act 591, Imd. Eff. Oct. 17, 2002
MI Comp L § 390.1186 (2021)
2021 Michigan Compiled Laws|Chapter 390 - Universities and Colleges|Act 591 of 2002 - Michigan Nursing Scholarship Act (390.1181 - 390.1189)|Section 390.1186 - Duration of Payments.

390.1186 Duration of payments. Sec. 6.  Recipients of scholarship assistance under this act shall continue to receive scholarship payments only during periods that the authority finds that the recipient is both of the following:  (a) Enrolled as a full-time or part-time student in a nursing program.  (b) Maintaining satisfactory progress as determined by the eligible institution. History: 2002, Act 591, Imd. Eff. Oct. 17, 2002