Michigan § 125.1424f - Recapture tax fund; creation; establishment; payment; use.
Full text of Michigan Michigan Compiled Laws § 125.1424f — Recapture tax fund; creation; establishment; payment; use., with citation guidance and answers to common questions.
§ 125.1424f. Recapture tax fund; creation; establishment; payment; use.
(1) There is created and established under the jurisdiction and control of the authority a fund to be known as the recapture tax fund.
(2) There may be paid into the recapture tax fund any money available to the authority from any source or sources, including, but not limited to, funds held by the authority. The authority is under no obligation to maintain a balance of money in the fund.
(3) The authority may use the money held in the fund to reimburse individual borrowers for any taxes the borrowers paid and for which they were liable under section 143(m) of the internal revenue code, or any similar recapture taxes applicable to programs the authority administers.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 125.1424f
What does Michigan Compiled Laws § 125.1424f cover?
Section 125.1424f ("Recapture tax fund; creation; establishment; payment; use.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 125.1424f?
A common citation format is "Michigan Compiled Laws § 125.1424f" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 125.1424f apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.