{"data":{"id":"us-mi/mich.-comp.-laws-447.205","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 447.205","heading":"Loan requirements.","body":"Sec. 5.\n\nA loan which the director may recommend to the state treasurer to invest shall meet the following requirements:\n\nThe agricultural commodities or other products purchased through the loan were produced or processed, in whole or in part, within the state.\n\nThe terms of the loan would assist in making the sale competitive with the sale of agricultural commodities or other products of other states or foreign countries.","path":["MI Code","Chapter 447","Act Act-359-of-1990"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-447-205","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"3366798d872d3f6f253282a92e154cdead72cf6eb92deda0bda7c05f97f47e03","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-447.204","next":"us-mi/mich.-comp.-laws-447.206"},"notice":"GroundRules: Original legal text. Not legal advice."}