Michigan § 125.1458a - Michigan housing and community development fund; creation; administration; credit of amounts and earnings from investments; availability of money for disbursement; money in fund at end of fiscal year.
Full text of Michigan Michigan Compiled Laws § 125.1458a — Michigan housing and community development fund; creation; administration; credit of amounts and earnings from investments; availability of money for disbursement; money in fund at end of fiscal year., with citation guidance and answers to common questions.
§ 125.1458a. Michigan housing and community development fund; creation; administration; credit of amounts and earnings from investments; availability of money for disbursement; money in fund at end of fiscal year.
(1) The Michigan housing and community development fund is created as a separate fund in the authority.
(2) The fund shall be administered by the authority, and money in the fund shall be expended only as provided in this act.
(3) The authority shall credit to the fund all amounts appropriated to the fund or to the authority for the fund and any other money made available to the authority for the fund from any other source for the purposes under this act. The authority, on behalf of the fund, may solicit and accept gifts, grants, labor, loans, and other aid from any person, government, or entity. The authority may receive money or other assets from any source for deposit into the fund, including, but not limited to, federal funds, gifts, bequests, and donations.
(4) The authority shall invest the money and credit the earnings from the investments to the fund in accordance with section 22.
(5) Money appropriated to the fund or to the authority for the fund shall be available for disbursement by the authority upon appropriation.
(6) Money in the fund at the close of a fiscal year shall remain in the fund and shall not lapse to the general fund.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 125.1458a
What does Michigan Compiled Laws § 125.1458a cover?
Section 125.1458a ("Michigan housing and community development fund; creation; administration; credit of amounts and earnings from investments; availability of money for disbursement; money in fund at end of fiscal year.") 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 § 125.1458a?
A common citation format is "Michigan Compiled Laws § 125.1458a" (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 § 125.1458a 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.