The Michigan Legislative Website data sources are undergoing upgrades. Thank you for your patience as we work through any issues.

Go To Top capitol dome
Michigan Legislature
Michigan Compiled Laws Complete Through PA 123 of 2019
House: Adjourned until Tuesday, December 10, 2019 1:30:00 PM
Senate: Adjourned until Tuesday, December 10, 2019 10:00:00 AM

Michigan Legislature

Main Content

Act 77 of 1960
Search within this Statute for


Act 77 of 1960

AN ACT to create the Michigan higher education assistance authority and to prescribe its powers and duties; to authorize persons, corporations, and associations to make gifts to the authority; to prescribe the powers and duties of certain state officials; to authorize, ratify, and confirm certain guarantees of students' loans and authorize reguarantees; to authorize, ratify, and confirm certain guarantees of loans made to parents of students; to validate certain prior appropriations; and to authorize the transfer of certain appropriations to be transferred to and administered by the authority.

History: 1960, Act 77, Imd. Eff. Apr. 25, 1960 ;-- Am. 1974, Act 19, Imd. Eff. Feb. 15, 1974 ;-- Am. 1981, Act 29, Eff. July 1, 1981 ;-- Am. 1989, Act 128, Imd. Eff. June 28, 1989

© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

Section 390.951SectionMichigan higher education assistance authority; creation.
Section 390.952SectionAppointment and qualifications of members of authority.
Section 390.953SectionHigher education assistance authority; term of office, removal.
Section 390.954SectionHigher education assistance authority; vacancies, appointment, removal.
Section 390.955SectionQuorum; rules.
Section 390.955aSectionConducting business at public meeting; notice.
Section 390.956SectionHigher education assistance authority; compensation, expenses.
Section 390.957SectionPowers of authority.
Section 390.957aSectionRepealed. 2006, Act 425, Eff. Oct. 1, 2007.
Section 390.957bSectionRepealed. 2008, Act 103, Eff. Oct. 1, 2008.
Section 390.958SectionLoans to minors.
Section 390.959SectionHigher education assistance authority; gift tax, deductible.
Section 390.960SectionSupervision and examination of authority; authority not banking organization; annual report.
Section 390.961SectionGuarantees of loans; appropriations to guaranty fund; guarantees of parent loans; authorization, ratification, and confirmation.
up icon