Sec. 11.
Within 90 days after assistance for a project is requested from the fund by the filing of a written application with the board, the board shall approve or disapprove the request for assistance. Upon written request by an applicant, the board may reconsider its denial of an application for assistance under this section or may waive the 90-day deadline for approving or disapproving an application.
History: 1984, Act 270, Eff. Mar. 29, 1985 ;-- Am. 1987, Act 278, Imd. Eff. Jan. 6, 1988 Popular Name: Strategic Fund
Structure Michigan Compiled Laws
Chapter 125 - Planning, Housing, and Zoning
Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094)
270-1984-1 - Chapter 1 (125.2001...125.2014)
Section 125.2001 - Legislative Finding and Declaration.
Section 125.2002 - Purposes of Act.
Section 125.2003 - Short Title.
Section 125.2004 - Definitions.
Section 125.2007 - Powers and Duties of Fund.
Section 125.2007a - Compliance With Divestment From Terror Act.
Section 125.2007b - Advisory Committee; Projects Relating to Port Facilities; Recommendations.
Section 125.2008 - Evaluation Procedures; Priorities; Targets.
Section 125.2010 - Applicability of Limitation or Restriction.
Section 125.2011 - Request for Assistance; Approval or Disapproval; Reconsideration.
Section 125.2012 - Private Sector Financial Support; Associated Transactions.
Section 125.2012a - Loan, Loan Insurance, or Guarantee for Public Work; Requirements.