Michigan Code § 125.2036

Loan for Economic Development Project; Legal Assurance as to Use of Money.
Open in Lexace · Ask the AI about this section
Sec. 36.
(1) A loan shall not be made from the private enterprise assistance account for an economic development project pursuant to section 33 unless significant private sector financial support is associated with the economic development project.
(2) A loan shall not be made from the private enterprise assistance account pursuant to section 34 unless the fund is legally assured that the money will be used to assist economic development projects which also will have significant private sector financial support.
History: 1984, Act 270, Eff. Mar. 29, 1985 Popular Name: Strategic Fund

‹ Prev All Michigan sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.