Section 125.2049 - Loans, loan insurance, or loan guarantees; conditions.
MICHIGAN STRATEGIC FUND ACT (EXCERPT)
Act 270 of 1984
125.2049 Loans, loan insurance, or loan guarantees; conditions.
Sec. 49.
A loan, loan insurance, or loan guarantee shall not be provided from the local government assistance account unless it is for a public work which will assist an economic development project and unless the fund finds that there is significant private sector financial support associated with the economic development project.
History: 1984, Act 270, Eff. Mar. 29, 1985
Popular Name: Strategic Fund