reglab/statecodes huggingface dataset:
2023 Michigan Compiled Laws › Chapter 390 - Universities and Colleges › Act 75 of 1974 - Payment for Earned Degrees (390.1021 - 390.1027) › Section 390.1025 - Appropriations Authorized.

390.1025 Appropriations authorized.
Sec. 5.
For each fiscal year, the legislature shall appropriate the sums necessary to carry out the intent of this act.
History:
1974, Act 75, Imd. Eff. Apr. 4, 1974 ;-- Am. 1980, Act 384, Eff. July 1, 1981
2023 Michigan Compiled Laws › Chapter 390 - Universities and Colleges › Act 75 of 1974 - Payment for Earned Degrees (390.1021 - 390.1027) › Section 390.1026 - Payment and Use of Amounts Appropriated; Authorization of Expenditures.

390.1026 Payment and use of amounts appropriated; authorization of expenditures.
Sec. 6.
(1) The amounts appropriated shall be paid out of the general fund of the state at such times and in such manner as is provided by law.
(2) Expenditures under this act shall be authorized when the release of the appropriation is authorized by the state administrative board.
(3) The amounts appropriated shall be used solely for the respective purposes stated in this act except as otherwise provided by law.
History:
1974, Act 75, Imd. Eff. Apr. 4, 1974
2023 Michigan Compiled Laws › Chapter 390 - Universities and Colleges › Act 75 of 1974 - Payment for Earned Degrees (390.1021 - 390.1027) › Section 390.1027 - Eligibility to Receive Funds.

390.1027 Eligibility to receive funds.
Sec. 7.
To be eligible to receive funds under this act, an institution shall be eligible for state reimbursement under the provisions of the constitution of the United States and the state constitution of 1963.
History:
1974, Act 75, Imd. Eff. Apr. 4, 1974 ;-- Am. 1980, Act 384, Eff. July 1, 1981
2023 Michigan Compiled Laws › Chapter 390 - Universities and Colleges › Act 176 of 1963 - Statistics (390.1034 - 390.1034) › Section 390.1034 - Institutions of Higher Education; Statistics Included in Budget Requests.

390.1034 Institutions of higher education; statistics included in budget requests.
Sec. 14.
Institutions of higher education shall furnish actual statistics reflecting full time equated students for each semester or term including summer school for the preceding fiscal year. Each budget request and the budget submitted to the legislature by the governor shall contain the number of on campus and off campus students on a full time equated basis, as defined by a majority of the council of college presidents in the following groups: freshmen and sophomores, juniors and seniors, graduate and professional students. Each budget shall also set forth by term or semester and summer school the total credit hours, the approximate cost and the portion of the total cost contributed by the student for each group, and all other information pertinent to determination of appropriations for the colleges and universities.
History:
1963, Act 176, Imd. Eff. May 14, 1963
2023 Michigan Compiled Laws › Chapter 390 - Universities and Colleges › Act 259 of 1964 - Statistics (390.1054 - 390.1054) › Section 390.1054 - Institutions of Higher Education; Statistics Included in Budget Requests.

390.1054 Institutions of higher education; statistics included in budget requests.
Sec. 14.
Institutions of higher education shall furnish actual statistics reflecting full time equated students for each semester or term including summer school for the preceding fiscal year. Each budget request and the budget submitted to the legislature by the governor shall contain the number of on campus and off campus students on a full time equated basis, as defined by a majority of the council of college presidents in the following groups: freshmen and sophomores, juniors and seniors, graduate and professional students. Each budget shall also set forth by term or semester and summer school the total credit hours, the approximate cost and the portion of the total cost contributed by the student for each group, and all other information pertinent to determination of appropriations for the colleges and universities.
History:
1964, Act 259, Imd. Eff. June 1, 1964
2023 Michigan Compiled Laws › Chapter 390 - Universities and Colleges › Act 42 of 1963 (2nd Ex. Sess.) - Institutions of Higher Education; Accounting to Legislature (390.1101 - 390.1101) › Section 390.1101 - Institutions of Higher Education; Accounting to Legislature.

390.1101 Institutions of higher education; accounting to legislature.
Sec. 1.
The governing board of each state supported institution of higher education shall submit to the state legislature through the legislative auditor general, on or before November 1 of each year, an annual accounting in triplicate of all income and expenditures of the institution for its last preceding fiscal year, in accordance with procedures prescribed by the legislative auditor general.
History:
1963, 2nd Ex. Sess., Act 42, Imd. Eff. Dec. 27, 1963
2023 Michigan Compiled Laws › Chapter 390 - Universities and Colleges › Act 315 of 1977 - Indemnification Reserve Fund (390.1121 - 390.1131) › Section 390.1121 - Meanings of Words and Phrases.

390.1121 Meanings of words and phrases.
Sec. 1.
For the purposes of this act, the words and phrases defined in sections 2 to 5 shall have the meanings ascribed to them in those sections.
History:
1977, Act 315, Imd. Eff. Jan. 9, 1978
2023 Michigan Compiled Laws › Chapter 390 - Universities and Colleges › Act 315 of 1977 - Indemnification Reserve Fund (390.1121 - 390.1131) › Section 390.1122 - Definitions; a to E.

390.1122 Definitions; A to E.
Sec. 2.
(1) "Accident year" means the calendar year in which an incurred loss takes place.
(2) "Agent" means an officer, employee, student, or authorized person or entity of the university.
(3) "Aggregate", when used in connection with incurred loss, incurred loss reserves, or paid losses means the total of each of loss or reserve.
(4) "Excess loss" means a loss in excess of the funded level of the indemnification reserve fund.
(5) "Expected loss" means the total of incurred loss and incurred but not reported loss.
History:
1977, Act 315, Imd. Eff. Jan. 9, 1978
2023 Michigan Compiled Laws › Chapter 390 - Universities and Colleges › Act 315 of 1977 - Indemnification Reserve Fund (390.1121 - 390.1131) › Section 390.1123 - Definitions; I to L.

390.1123 Definitions; I to L.
Sec. 3.
(1) "Incurred but not reported loss" means an incurred loss which has not been reported.
(2) "Incurred but not reported loss reserves" means the amount estimated to be required to pay incurred losses which have not been reported and related expenses allocated with respect to those losses.
(3) "Incurred loss" means a loss which has been reported to the university and for which the university may have liability.
(4) "Incurred loss reserves" means the amount estimated to be required to pay incurred losses and related expenses.
(5) "Indemnification reserve fund" means cash or investments in a university fund or a trusteed account outside the university, a commercial liability insurance policy, or other evidence of financial obligation available to pay losses arising out of professional liability, premises liability, or both.
(6) "Loss" means the happening of an event from a peril included within those protected by the policy of indemnification of the university, including related expenses related to professional liability, premises liability, or both.
History:
1977, Act 315, Imd. Eff. Jan. 9, 1978 ;-- Am. 1982, Act 24, Imd. Eff. Mar. 4, 1982
2023 Michigan Compiled Laws › Chapter 390 - Universities and Colleges › Act 315 of 1977 - Indemnification Reserve Fund (390.1121 - 390.1131) › Section 390.1124 - Definitions; P.

390.1124 Definitions; P.
Sec. 4.
(1) "Paid loss" means a loss which has been paid plus expenses allocated and paid with respect to that loss.
(2) "Premises liability" means liability for personal injury or property damage, singly or in any combination, which the university becomes legally obligated to pay and which arises out of an occurrence in any medical facility owned, leased, or operated by the university.
(3) "Professional liability" means:
(a) Health care professional liability which the university becomes legally obligated to pay or for which the university assumes the obligation to pay as damages or costs because of injury to a person arising out of the rendering of, or failure to render, health care services, including:
(i) Medical, surgical, dental, nursing, or other health care treatment or services to a person, including the furnishing of food or beverage and the maintenance of facilities in connection with the furnishing of the health care treatment and services.
(ii) Furnishing or dispensing drugs or medical, dental, or surgical supplies or appliances.
(iii) Handling of or performing post-mortem examinations on human bodies.
(iv) Service performed by a person as a member of a formal accreditation or similar professional board or committee of the university or other service approved by the university, or service performed by a person as a person charged with the duty of executing directives of that board or committee.
(b) Any other medical malpractice claims arising from an occurrence on premises owned, leased, or operated by the university where health care is delivered.
History:
1977, Act 315, Imd. Eff. Jan. 9, 1978 ;-- Am. 1982, Act 24, Imd. Eff. Mar. 4, 1982
2023 Michigan Compiled Laws › Chapter 390 - Universities and Colleges › Act 315 of 1977 - Indemnification Reserve Fund (390.1121 - 390.1131) › Section 390.1125 - Definitions; R to U.

390.1125 Definitions; R to U.
Sec. 5.
(1) "Related expenses" means the costs of litigation, investigation, attorney fees, and administrative expenses.
(2) "Risk management system" means a system or plan to do all of the following:
(a) Employ independent actuaries or other qualified technical experts to determine and measure to the extent possible through accepted and established actuarial procedures and techniques the financial condition of the indemnification reserve fund, the expected loss, and the required funding to which the university or its agents are subject because of professional liability, premises liability, or both.
(b) Implement a program for reducing or eliminating the incidents which give rise to potential professional liability, premises liability, or both.
(3) "Third party reimburser" means a person, firm, organization, corporation, or government agency, other than the university or its agent, which reimburses the university for reasonable costs related to the payment of losses arising out of professional liability, premises liability, or both.
(4) "University" means university of Michigan, Michigan state university, or Wayne state university.
History:
1977, Act 315, Imd. Eff. Jan. 9, 1978 ;-- Am. 1982, Act 24, Imd. Eff. Mar. 4, 1982
2023 Michigan Compiled Laws › Chapter 390 - Universities and Colleges › Act 315 of 1977 - Indemnification Reserve Fund (390.1121 - 390.1131) › Section 390.1126 - Assumption by State of Excess Loss of University or Its Agents; Conditions.

390.1126 Assumption by state of excess loss of university or its agents; conditions.
Sec. 6.
The state shall assume the excess loss of the university or its agents if the university adopts an indemnification and hold harmless policy in which the university agrees to indemnify, save harmless, and defend its agents against professional liability and premises liability arising out of, related to, or incurred in the course of, employment, assigned duties, course of academic studies, or authority and establishes an indemnification reserve fund consistent with this act.
History:
1977, Act 315, Imd. Eff. Jan. 9, 1978 ;-- Am. 1982, Act 24, Imd. Eff. Mar. 4, 1982
2023 Michigan Compiled Laws › Chapter 390 - Universities and Colleges › Act 315 of 1977 - Indemnification Reserve Fund (390.1121 - 390.1131) › Section 390.1127 - State Payment of Excess Loss of University; Qualifications; Indemnification Reserve Fund; Compliance With MCL 500.100 to 500.8302.

390.1127 State payment of excess loss of university; qualifications; indemnification reserve fund; compliance with MCL 500.100 to 500.8302.
Sec. 7.
(1) To qualify for state payment of excess loss, a university shall develop and implement a risk management system, which shall be filed with and approved by the state insurance bureau, and shall establish and maintain an indemnification reserve fund.
(2) The indemnification reserve fund may consist of 2 components:
(a) Available funds or other evidence of financial obligation from third party reimbursers.
(b) Funds from the university. The university shall fund its portion of the indemnification reserve fund at a rate necessary to fully fund the annual expected loss for the current accident year as determined by the risk management system.
(3) By participating in the fund, the university shall not be relieved of complying with the requirements of Act No. 218 of the Public Acts of 1956, as amended, being sections 500.100 to 500.8302 of the Michigan Compiled Laws.
History:
1977, Act 315, Imd. Eff. Jan. 9, 1978
2023 Michigan Compiled Laws › Chapter 390 - Universities and Colleges › Act 315 of 1977 - Indemnification Reserve Fund (390.1121 - 390.1131) › Section 390.1128 - Information to Be Filed With State Insurance Bureau.

390.1128 Information to be filed with state insurance bureau.
Sec. 8.
At the end of each year, the university shall file the following information with the state insurance bureau:
(a) The annual expected loss for the next accident year, which shall be computed together with an accounting of the indemnification reserve fund.
(b) The status of the indemnification reserve fund, which shall be computed as the sum of the following:
(i) All previous payments from the university.
(ii) All previous payments from third party reimbursers.
(iii) Any balance due from third party reimbursers.
(c) The status of the paid and expected aggregate loss, which shall be computed as the sum of the following:
(i) Aggregate incurred loss reserves.
(ii) Aggregate incurred but not reported loss reserves.
(iii) Aggregate paid loss from all past periods, including current year.
(iv) Actual expenses paid or incurred with respect to the indemnification program.
History:
1977, Act 315, Imd. Eff. Jan. 9, 1978
2023 Michigan Compiled Laws › Chapter 390 - Universities and Colleges › Act 315 of 1977 - Indemnification Reserve Fund (390.1121 - 390.1131) › Section 390.1129 - Annual Excess Loss as Obligation of State; Payment; Limitation; Payment of Incurred Loss.

390.1129 Annual excess loss as obligation of state; payment; limitation; payment of incurred loss.
Sec. 9.
(1) The annual excess loss shall be an obligation of this state and shall be paid directly to the claimant from the general fund of the state.
(2) The amount paid by the state shall not exceed $100,000.00 per judgment, settlement, or award per year, plus interest at a rate not to exceed 6% per year of the unpaid balance until the entire amount of the judgment, settlement, or award is paid.
(3) An incurred loss shall first be paid from the indemnification reserve fund.
History:
1977, Act 315, Imd. Eff. Jan. 9, 1978
2023 Michigan Compiled Laws › Chapter 390 - Universities and Colleges › Act 315 of 1977 - Indemnification Reserve Fund (390.1121 - 390.1131) › Section 390.1130 - Naming State as Party Prohibited; Act or Fund Not to Be Mentioned at Trial or Hearing.

390.1130 Naming state as party prohibited; act or fund not to be mentioned at trial or hearing.
Sec. 10.
The state of Michigan shall not be named as a party in a legal action commenced against a university or its agent, nor shall the existence of this act or the indemnification reserve fund be mentioned during the course of a trial or hearing.
History:
1977, Act 315, Imd. Eff. Jan. 9, 1978
2023 Michigan Compiled Laws › Chapter 390 - Universities and Colleges › Act 315 of 1977 - Indemnification Reserve Fund (390.1121 - 390.1131) › Section 390.1131 - Annual Report.

390.1131 Annual report.
Sec. 11.
The insurance commissioner shall submit an annual report to the governor and the legislature regarding the implementation of this act and the excess loss obligations assumed by the state.
History:
1977, Act 315, Imd. Eff. Jan. 9, 1978
2023 Michigan Compiled Laws › Chapter 390 - Universities and Colleges › Act 222 of 1975 - Higher Education Loan Authority Act (390.1151 - 390.1165) › Section 390.1151 - Short Title.

390.1151 Short title.
Sec. 1.
This act shall be known and may be cited as the "higher education loan authority act".
History:
1975, Act 222, Eff. Oct. 1, 1975
Compiler's Notes:
For transfer of powers and duties of Michigan higher education student loan authority to Michigan finance authority, see E.R.O. No. 2010-2, compiled at MCL 12.194
2023 Michigan Compiled Laws › Chapter 390 - Universities and Colleges › Act 222 of 1975 - Higher Education Loan Authority Act (390.1151 - 390.1165) › Section 390.1152 - Definitions.

390.1152 Definitions.
Sec. 2.
As used in this act:
(a) "Authority" means the Michigan higher education student loan authority created by section 3.
(b) "Bonds" means the bonds authorized to be issued by the authority under this act, which may consist of bonds, notes, term loans, commercial paper, or other debt obligations evidencing an obligation to repay borrowed money and payable solely from revenues and other money pledged by the authority.
(c) "Bond resolution" or "resolution", when used in relation to the issuance of bonds, means either the resolution or trust agreement securing the bonds.
(d) "Eligible institution" means an institution of higher education; a vocational school; or, with respect to students or their parents who are citizens or nationals of the United States, an institution outside the United States comparable to an institution of higher education or to a vocational school that is approved by the state board of education and by the United States secretary of education for purposes of the guaranteed loan program.
(e) "National of the United States" means a person who, though not a citizen of the United States, owes permanent allegiance to the United States, as described in section 101(a)(22)(B) of the immigration and nationality act, 8 USC 1101.
(f) "Obligations" or "borrower obligations" means loan notes and other debt obligations evidencing loans to students or parents of students that the authority may take, acquire, buy, sell, or indorse under this act and may include a direct or indirect interest in whole or part of the notes or obligations.
(g) "Parent" means a biological or adoptive parent or legal guardian.
(h) "Standard rating service" means a service recognized in the investment profession that evaluates and measures securities investment and credit risk.
(i) "Student" means a person who is enrolled or accepted for enrollment at an eligible institution and who is making suitable progress in his or her education toward obtaining a degree or other appropriate certification in accordance with standards acceptable to the authority.
(j) "Talent investment fund" means the talent investment fund as defined in section 8a.
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 ;-- Am. 2018, Act 228, Imd. Eff. June 27, 2018
Compiler's Notes:
For transfer of certain powers and duties vested in the department of career development or its director, relating to powers and duties of state board of education or superintendent of public instruction to the department of labor and economic growth, see E.R.O. No. 2003-1, compiled at MCL 445.2011.For transfer of powers of department of labor and economic growth regarding career and technical education program for secondary students to department of education by type II transfer, see E.R.O. No. 2007-1, compiled at MCL 388.998.
2023 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.
2023 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.
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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.
2023 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
2023 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.
2023 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.
2023 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.
2023 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
2023 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
2023 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
2023 Michigan Compiled Laws › Chapter 390 - Universities and Colleges › Act 591 of 2002 - Michigan Nursing Scholarship Act (390.1181 - 390.1189) › Section 390.1188 - Restricted Account; Reversion.

390.1188 Restricted account; reversion.
Sec. 8.
(1) The department of treasury shall establish and administer a restricted account in the general fund for the Michigan nursing scholarship program. The department of treasury shall credit to the account money appropriated from the Michigan merit award trust fund established in section 3 of the Michigan merit award scholarship act, 1999 PA 94, MCL 390.1453, or received from any other source including, but not limited to, amounts repaid to the authority on scholarships awarded under this act and earnings in the account. The department of treasury shall use the money in the account only to provide money to the authority for scholarships awarded under this act.
(2) Money in the account at the end of a fiscal year shall not revert to the general fund but shall be carried over in the account to the next fiscal year.
History:
2002, Act 591, Imd. Eff. Oct. 17, 2002
2023 Michigan Compiled Laws › Chapter 390 - Universities and Colleges › Act 591 of 2002 - Michigan Nursing Scholarship Act (390.1181 - 390.1189) › Section 390.1189 - Report.

390.1189 Report.
Sec. 9.
Not later than November 1, the authority shall annually submit a report to the state budget director, the house and senate appropriation subcommittees on higher education, and the house and senate fiscal agencies for the preceding fiscal year on the nursing scholarship program. The report shall include, but is not limited to, the number of full and partial scholarships, the total dollar amount of scholarships awarded, the type of eligible institutions in which the scholarship recipients enrolled, and the number of scholarships, if any, for which students have incurred a repayment obligation under section 7(3).
History:
2002, Act 591, Imd. Eff. Oct. 17, 2002
2023 Michigan Compiled Laws › Chapter 390 - Universities and Colleges › Act 154 of 1976 - Michigan Internship Program (390.1201 - 390.1207) › Section 390.1201 - Michigan Internship Office; Creation; Purpose.

390.1201 Michigan internship office; creation; purpose.
Sec. 1.
The department of civil service may create and develop a Michigan internship office to conduct a Michigan internship program to provide opportunities for students to learn through participation in government affairs.
History:
1976, Act 154, Imd. Eff. June 17, 1976
2023 Michigan Compiled Laws › Chapter 390 - Universities and Colleges › Act 154 of 1976 - Michigan Internship Program (390.1201 - 390.1207) › Section 390.1202 - Michigan Internship Program; Purposes.

390.1202 Michigan internship program; purposes.
Sec. 2.
The purposes of the Michigan internship program shall be:
(a) To provide immediate personnel assistance to government agencies through the work of students concerned with government affairs.
(b) To provide constructive service-learning opportunities for students seeking to participate in the solution of government problems.
(c) To encourage young people to consider careers in government programs.
(d) To provide additional avenues of communications between institutions of higher learning and government programs by making the resources of the universities and colleges more accessible to government agencies and providing a means for relating curriculum, teaching, and research to contemporary societal needs as expressed in government programs.
History:
1976, Act 154, Imd. Eff. June 17, 1976
2023 Michigan Compiled Laws › Chapter 390 - Universities and Colleges › Act 154 of 1976 - Michigan Internship Program (390.1201 - 390.1207) › Section 390.1203 - Department of Civil Service; Powers and Duties.

390.1203 Department of civil service; powers and duties.
Sec. 3.
(1) The department of civil service shall:
(a) Have general supervision over the Michigan internship program established in section 2.
(b) In cooperation with the legislative, executive, and judicial branches of government, develop academic, stipendiary, and volunteer internship programs with governmental agencies.
(c) Offer the opportunity for participation in the internship program to the broadest possible spectrum of students enrolled in Michigan postsecondary education programs.
(d) Seek and develop sources of public and private support for the growth of internship programs in this state.
(2) The department of civil service may apply for and receive from a person, or a federal, state, or local governmental agency, or a private foundation appropriations or gifts to carry out the purposes of the internship program.
History:
1976, Act 154, Imd. Eff. June 17, 1976
2023 Michigan Compiled Laws › Chapter 390 - Universities and Colleges › Act 154 of 1976 - Michigan Internship Program (390.1201 - 390.1207) › Section 390.1204 - Advisory Board to Michigan Internship Office; Creation; Purpose; Appointment and Qualifications of Members; Expenses.

390.1204 Advisory board to Michigan internship office; creation; purpose; appointment and qualifications of members; expenses.
Sec. 4.
An advisory board to the Michigan internship office is created to assist in assuring the educational quality of the internship program. The advisory board shall consist of 12 members, of whom 4 shall be representatives of the department of education, 4 shall be representatives of the department of civil service, and 4 shall be representatives from institutions of postsecondary education. Appointments to the advisory board shall be made by the state personnel director. Expenses of the advisory board members shall be assumed by their respective participating agencies or institutions.
History:
1976, Act 154, Imd. Eff. June 17, 1976