{"data":{"id":"us-mi/mich.-comp.-laws-125.1424f","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 125.1424f","heading":"Recapture tax fund; creation; establishment; payment; use.","body":"Sec. 24f.\n\n(1) There is created and established under the jurisdiction and control of the authority a fund to be known as the recapture tax fund.\n\n(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.\n\n(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.","path":["MI Code","Chapter 125","Act Act-346-of-1966"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-125-1424f","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"0385d6930bed9c5d5128e4b63870ed1c1797ba33baf4701f0222d05c96fc45c4","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-125.1424e","next":"us-mi/mich.-comp.-laws-125.1425"},"notice":"GroundRules: Original legal text. Not legal advice."}