MCL - Section 125.2049

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