Airport Development Loans | Midpage

Collections
Michigan Administrative Code

Aeronautics Commission

Airport Development Loans

Airport Development Loans

(By authority conferred on the aeronautics commission by section 3 of Act No. 107 of the Public Acts of 1969, as amended, and Executive Reorganization Order No. 1973-1, as amended, being SS259.253 and 247.821 of the Michigan Compiled Laws)Aeronautics Commission

—

Loading PDF…

259.801Definitions.259.802Loan eligibility and priorities.259.803Loan applications.259.804Commission studies and approval.259.805Legal opinion of sponsor's loan commitment authority required; loan amount, interest rate, and maturity; principal and interest payments.259.806Airport maintenance required; adherence to amortization schedule required; loan default.259.807Records and crediting of payments.