reglab/housing_qa huggingface dataset:
MI Comp L § 125.1497c (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)|346-1966-8 - Chapter 8 (125.1497...125.1497f)|Section 125.1497c - Mobile Home Park Corporation; Articles of Incorporation.

125.1497c Mobile home park corporation; articles of incorporation. Sec. 97c.  In addition to other requirements of law, the articles of incorporation of any mobile home park corporation shall provide all of the following:  (a) That the mobile home park corporation has been organized exclusively to provide housing facilities for persons of low and moderate income, or for persons whose income does not exceed limits established in this act, and for social, recreational, commercial, and communal facilities as may be necessary to serve and improve a residential area in which authority-aided or federally-aided housing is located or planned to be located, thereby enhancing the viability of the housing.  (b) That every stockholder of the mobile home park corporation shall be deemed, by the subscription to or receipt of stock in the corporation, to have agreed that he or she at no time shall receive from the corporation in repayment of his or her investment any sums in excess of the face value of the investment plus cumulative dividends at a rate which the authority determines to be reasonable and proper, computed from the initial date on which money was paid or property delivered in consideration for the proprietary interest of the stockholders; and that upon the dissolution of the mobile home park corporation, any surplus in excess of those amounts shall be paid to the authority or to any other regulating governmental body as the authority directs.  (c) That the operations of the mobile home park corporation may be supervised by the authority or by any other governmental body as the authority directs, and that the mobile home park corporation shall enter into agreements with the authority or with the governmental body as the authority from time to time requires. These agreements shall provide for regulation by the authority or the governmental body of the planning, development, and management of any housing project undertaken by the mobile home park corporation and the disposition of the property and franchises of the corporation. History: Add. 1982, Act 534, Imd. Eff. Dec. 31, 1982 ;-- Am. 1983, Act 217, Imd. Eff. Nov. 16, 1983 ;-- Am. 1984, Act 215, Imd. Eff. July 10, 1984
MI Comp L § 125.1497d (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)|346-1966-8 - Chapter 8 (125.1497...125.1497f)|Section 125.1497d - Articles of Incorporation; Appointment of New Directors to Board of Directors; Majority; Conditions.

125.1497d Articles of incorporation; appointment of new directors to board of directors; majority; conditions. Sec. 97d.  The articles of incorporation shall provide that the authority may appoint to the board of directors of the mobile home park corporation a number of new directors, which number shall be sufficient to constitute a majority of the board, notwithstanding any other provisions of the articles or any other provisions of law, if any 1 of the following occurs:  (a) The mobile home park corporation has received a loan or advance as provided for in this act and the authority determines that the loan or advance is in jeopardy of not being repaid.  (b) The mobile home park corporation has received a loan or advance as provided for in this act and the authority determines that the proposed housing project for which the loan or advance was made is in jeopardy of not being constructed.  (c) The authority determines that a portion of the net income or net earnings of the mobile home park corporation, in excess of that permitted by other provisions of this act, shall inure to the benefit of any private individual, firm, corporation, partnership, or association.  (d) The authority determines that the mobile home park corporation is in violation of the rules promulgated under section 22.  (e) The authority determines that the mobile home park corporation is in violation of any agreements entered into with the authority providing for regulation by the authority of the planning, development, and management of any housing project undertaken by the mobile home park corporation or the disposition of the property and franchises of the corporation. History: Add. 1982, Act 534, Imd. Eff. Dec. 31, 1982 ;-- Am. 1983, Act 217, Imd. Eff. Nov. 16, 1983 Admin Rule: R 125.101 et seq. of the Michigan Administrative Code.
MI Comp L § 125.1497e (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)|346-1966-8 - Chapter 8 (125.1497...125.1497f)|Section 125.1497e - Articles of Incorporation; Approval of Terms.

125.1497e Articles of incorporation; approval of terms. Sec. 97e.  Before any mobile home park corporation can receive any benefits under this act, the authority must approve the terms of the articles of incorporation. History: Add. 1982, Act 534, Imd. Eff. Dec. 31, 1982 ;-- Am. 1983, Act 217, Imd. Eff. Nov. 16, 1983
MI Comp L § 125.1497f (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)|346-1966-8 - Chapter 8 (125.1497...125.1497f)|Section 125.1497f - “Surplus” Construed.

125.1497f “Surplus” construed.  Sec. 97f.  As used in this chapter, the term "surplus" shall not be deemed to include any increase in assets of any mobile home park corporation organized in accordance with the provisions of this chapter, by reason of reduction of mortgage, by amortization or similar payments, or realized from the sale or disposition of any assets of a mobile home park corporation to the extent such surplus can be attributed to any increase in market value of any real property or tangible personal property accruing during the period the assets were owned and held by the mobile home park corporation. History: Add. 1982, Act 534, Imd. Eff. Dec. 31, 1982 ;-- Am. 1983, Act 217, Imd. Eff. Nov. 16, 1983
MI Comp L § 125.1498 (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)|346-1966-9 - Chapter 9 (125.1498...125.1498f)|Section 125.1498 - Applicability of Chapter to Mobile Home Park Associations.

125.1498 Applicability of chapter to mobile home park associations. Sec. 98.  This chapter shall apply to mobile home park associations receiving benefits under this act.  History: Add. 1982, Act 534, Imd. Eff. Dec. 31, 1982 ;-- Am. 1983, Act 217, Imd. Eff. Nov. 16, 1983 Compiler's Notes: For transfer of Michigan state housing development authority from Michigan strategic fund to department of talent and economic development, see E.R.O. No. 2014-6, compiled at MCL 125.1995.
MI Comp L § 125.1498a (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)|346-1966-9 - Chapter 9 (125.1498...125.1498f)|Section 125.1498a - Mobile Home Park Association; Included Entities; Approval; Membership.

125.1498a Mobile home park association; included entities; approval; membership. Sec. 98a.  A mobile home park association includes general or limited partnerships, limited liability companies, joint ventures, or trusts, as any such entities may be approved by resolution of the authority. Members of a mobile home park association shall include each and all persons with a legal or beneficial interest of any kind in a mobile home park association or its assets. History: Add. 1982, Act 534, Imd. Eff. Dec. 31, 1982 ;-- Am. 1983, Act 217, Imd. Eff. Nov. 16, 1983 ;-- Am. 1996, Act 475, Imd. Eff. Dec. 26, 1996
MI Comp L § 125.1498b (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)|346-1966-9 - Chapter 9 (125.1498...125.1498f)|Section 125.1498b - Mobile Home Park Association Name.

125.1498b Mobile home park association name. Sec. 98b.  The term "mobile home park association" shall be included as part of the name of any mobile home park association. History: Add. 1982, Act 534, Imd. Eff. Dec. 31, 1982 ;-- Am. 1983, Act 217, Imd. Eff. Nov. 16, 1983
MI Comp L § 125.1498c (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)|346-1966-9 - Chapter 9 (125.1498...125.1498f)|Section 125.1498c - Mobile Home Park Association; Provisions of Partnership Agreement, Joint Venture Agreement, Trust Agreement, or Other Document of Basic Organization.

125.1498c Mobile home park association; provisions of partnership agreement, joint venture agreement, trust agreement, or other document of basic organization. Sec. 98c.  In addition to other requirements of law, the partnership agreement, joint venture agreement, trust agreement, or other document of basic organization of the mobile home park association shall provide all of the following:  (a) That the mobile home park association has been organized exclusively to provide housing facilities for persons of low and moderate income, or for persons whose income does not exceed limits established in this act, and for social, recreational, commercial, and communal facilities as may be necessary to serve and improve a residential area in which authority-aided or federally-aided housing is located or is planned to be located, thereby enhancing the viability of such housing.  (b) That every member of the mobile home park association shall be deemed, by acceptance of a beneficial interest in the mobile home park association or by executing the document of basic organization, to have agreed that he or she at no time shall receive from the mobile home park association any return in excess of the face value of the investment attributable to his or her respective interest plus cumulative dividend payments at a rate which the authority determines to be reasonable and proper, computed from the initial date on which money was paid or property delivered in consideration for the interest; and that upon the dissolution of the mobile home park association, any surplus in excess of those amounts shall be paid to the authority or to any other regulating governmental body as the authority directs.  (c) That the operations of the mobile home park association may be supervised by the authority or by any other governmental body the authority directs, and that the mobile home park association shall enter into agreements with the authority or with the governmental body as the authority from time to time requires pursuant to rules promulgated under section 22. The agreements shall provide for regulation by the authority or the governmental body of the planning, development, and management of any housing project undertaken by the mobile home park association and the disposition of the property and franchises of the mobile home park association. History: Add. 1982, Act 534, Imd. Eff. Dec. 31, 1982 ;-- Am. 1983, Act 217, Imd. Eff. Nov. 16, 1983 ;-- Am. 1984, Act 215, Imd. Eff. July 10, 1984 Admin Rule: R 125.101 et seq. of the Michigan Administrative Code.
MI Comp L § 125.1498d (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)|346-1966-9 - Chapter 9 (125.1498...125.1498f)|Section 125.1498d - Document of Basic Organization; Managing Agent; Appointment; Powers; Conditions.

125.1498d Document of basic organization; managing agent; appointment; powers; conditions. Sec. 98d.  The partnership agreement, joint venture agreement, trust agreement, or other document of basic organization shall provide that the authority may appoint a managing agent of the mobile home park association and its members, who may be an officer, employee, or agent of the authority. The managing agent appointed shall have complete power to act as agent and attorney-in-fact for the mobile home park association and its members, in connection with any assets or liability of the mobile home park association, to fulfill any obligations the mobile home park association may have to the authority, if any 1 of the following occurs:  (a) The mobile home park association has received a loan or advance as provided for in this act and the authority determines that the loan or advance is in jeopardy of not being repaid.  (b) The mobile home park association has received a loan or advance as provided for in this act and the authority determines that the proposed housing project for which the loan or advance was made is in jeopardy of not being constructed.  (c) The authority determines that a portion of the net income or net earnings of the mobile home park association, in excess of that permitted by other provisions of this act, shall inure to the benefit of any private individual, firm, corporation, partnership, trust, or association.  (d) The authority determines that the mobile home park association is in violation of the rules promulgated under section 22.  (e) The authority determines that the mobile home park association is in violation of any agreements entered into with the authority providing for regulation by the authority of the planning, development, and management of any housing project undertaken by the mobile home park association or the disposition of the property and franchises of the mobile home park association. History: Add. 1982, Act 534, Imd. Eff. Dec. 31, 1982 ;-- Am. 1983, Act 217, Imd. Eff. Nov. 16, 1983 Admin Rule: R 125.101 et seq. of the Michigan Administrative Code.
MI Comp L § 125.1498e (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)|346-1966-9 - Chapter 9 (125.1498...125.1498f)|Section 125.1498e - Document of Basic Organization; Approval of Terms.

125.1498e Document of basic organization; approval of terms. Sec. 98e.  Before any mobile home park association can receive any benefits as a result of qualifying under this act, the authority must approve the terms of the partnership agreement, joint venture agreement, trust agreement, or other document of basic organization.  History: Add. 1982, Act 534, Imd. Eff. Dec. 31, 1982 ;-- Am. 1983, Act 217, Imd. Eff. Nov. 16, 1983
MI Comp L § 125.1498f (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)|346-1966-9 - Chapter 9 (125.1498...125.1498f)|Section 125.1498f - “Surplus” Construed.

125.1498f “Surplus” construed.  Sec. 98f.  As used in this chapter, the term "surplus" shall not be deemed to include any increase in assets of any mobile home park association organized in accordance with the provisions of this chapter, by reason of reduction of mortgage, by amortization or similar payments, or realized from the sale or disposition of any assets of a mobile home park association to the extent such surplus can be attributed to any increase in market value of any such real property or tangible personal property accruing during the period the assets were owned and held by the mobile home park association. History: Add. 1982, Act 534, Imd. Eff. Dec. 31, 1982 ;-- Am. 1983, Act 217, Imd. Eff. Nov. 16, 1983
MI Comp L § 125.1499 (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)|346-1966-10 - Chapter 10 (125.1499...125.1499c)|Section 125.1499 - Mutual Housing Association Generally.

125.1499 Mutual housing association generally. Sec. 99.  A mutual housing association shall be a nonprofit corporation or cooperative corporation incorporated pursuant to the laws of this state or authorized to transact business in this state that operates in accordance with this chapter. History: Add. 1989, Act 220, Imd. Eff. Dec. 11, 1989 Compiler's Notes: For transfer of Michigan state housing development authority from Michigan strategic fund to department of talent and economic development, see E.R.O. No. 2014-6, compiled at MCL 125.1995.
MI Comp L § 125.1499a (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)|346-1966-10 - Chapter 10 (125.1499...125.1499c)|Section 125.1499a - Mutual Housing Association; Corporate Name.

125.1499a Mutual housing association; corporate name. Sec. 99a.  The term "cooperative" or "mutual housing association" shall be included as a part of the corporate name as set forth in the certificate of incorporation of a mutual housing association. History: Add. 1989, Act 220, Imd. Eff. Dec. 11, 1989
MI Comp L § 125.1499b (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)|346-1966-10 - Chapter 10 (125.1499...125.1499c)|Section 125.1499b - Mutual Housing Association; Requirements.

125.1499b Mutual housing association; requirements. Sec. 99b.  A mutual housing association shall meet all of the following requirements:  (a) At least 75% of its voting members or shareholders shall be residents of housing owned or operated by it.  (b) A major purpose of the mutual housing association shall be to provide high quality, long-term housing to low and moderate income persons who have no equity or ownership interest in the housing except through membership in the mutual housing association, and who shall have the following rights:  (i) A right to become a member of the mutual housing association.  (ii) A right to participate in the ongoing operation and management of the housing.  (iii) A right to continue to reside in the housing for as long as the member complies with the terms of the occupancy agreement and rules and regulations of the mutual housing association, and meets any health requirements that the mutual housing association establishes as a condition of continued occupancy.  (c) Any profit or surplus earned by the mutual housing association is used, as determined by its board of directors, for 1 or more of the following purposes:   (i) To establish reserves.  (ii) To reduce rent.  (iii) To make physical improvements to the housing.  (iv) To develop or acquire new affordable housing. History: Add. 1989, Act 220, Imd. Eff. Dec. 11, 1989
MI Comp L § 125.1499c (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)|346-1966-10 - Chapter 10 (125.1499...125.1499c)|Section 125.1499c - Loans or Grants.

125.1499c Loans or grants. Sec. 99c.  The authority may make a loan or grant to a nonprofit housing corporation or association, mobile home park corporation or association, or limited dividend housing corporation or association that is established and controlled by a mutual housing association on the same basis as a loan or grant may be made to such an organization not established and controlled by a mutual housing association. History: Add. 1989, Act 220, Imd. Eff. Dec. 11, 1989
MI Comp L § 125.2002 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094)|270-1984-1 - Chapter 1 (125.2001...125.2014)|Section 125.2002 - Purposes of Act.

125.2002 Purposes of act.Sec. 2.  It is hereby declared to be the purposes of this act and of the Michigan strategic fund created by this act to help diversify the economy of this state, to promote economic stability and growth, to develop and expand existing and alternative sources of energy and the conservation of energy, to assist business enterprise in obtaining additional sources of financing to aid this state in achieving the goal of long-term economic growth and full employment, to meet the growing competition for business enterprises, to preserve existing jobs, to create new jobs, to reduce the cost of business and production, to foster export activity, to alleviate and prevent unemployment through the retention, promotion, and development of agriculture and agricultural facilities, forestry and forestry facilities, commerce and commercial facilities, export markets and export activities, industry and industrial buildings and facilities, including the sites for these, and agricultural, forestry, commercial, and industrial machinery and equipment, water and air pollution control equipment, and solid waste disposal facilities with respect thereto or for use by individuals for private sector employment, to make loans to the Special Purpose FWC Settlement Entity, which will in turn use the loan proceeds only to pay the expenses, costs, and fees associated with the Special Purpose FWC Settlement Entity, to reimburse this state for its initial $5,000,000.00 payment to the FWC Qualified Settlement Fund, and to pay to the FWC Qualified Settlement Fund the settlement amount agreed to by this state in the settlement agreement and related preliminary approval orders, any amendments to those orders, or the subsequent final approval orders that will be entered by the court in the consolidated cases known as In re Flint Water Cases, No. 5:16-cv-10444-JEL-MKM (ED Mich), so as to assist in alleviating health issues of Michigan citizens and to ensure continued state fiscal stability and credit worthiness, and to otherwise assist in the achievement of the solution to the problems and objectives described in section 1. History: 1984, Act 270, Eff. Mar. 29, 1985 ;-- Am. 2020, Act 358, Imd. Eff. Dec. 30, 2020 Popular Name: Strategic Fund
MI Comp L § 125.2003 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094)|270-1984-1 - Chapter 1 (125.2001...125.2014)|Section 125.2003 - Short Title.

125.2003 Short title. Sec. 3.  This act shall be known and may be cited as the "Michigan strategic fund act". History: 1984, Act 270, Eff. Mar. 29, 1985 Compiler's Notes: For transfer of the Michigan strategic fund, and its powers and duties, to the Michigan jobs commission, see E.R.O. No. 1994-10, compiled at MCL 408.48 of the Michigan Compiled Laws.Popular Name: Strategic Fund
MI Comp L § 125.2007a (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094)|270-1984-1 - Chapter 1 (125.2001...125.2014)|Section 125.2007a - Compliance With Divestment From Terror Act.

125.2007a Compliance with divestment from terror act.Sec. 7a.  The board shall comply with the divestment from terror act, 2008 PA 234, MCL 129.291 to 129.301, in making investments under this act. History: Add. 2008, Act 272, Imd. Eff. Sept. 29, 2008 Compiler's Notes: Strategic Fund