Sec. 33.
Subject to the limitations provided by this chapter, the fund may utilize the money held in the private enterprise assistance account to make loans to private enterprise to finance economic development projects within this state which have the potential of creating new jobs or retaining current jobs within this state.
History: 1984, Act 270, Eff. Mar. 29, 1985 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)
270-1984-3 - Chapter 3 (125.2031...125.2037)
Section 125.2031 - Center for Assistance to Private Enterprise; Establishment and Operation.
Section 125.2032 - Private Enterprise Assistance Account; Payments Into Account; Transfer of Money.
Section 125.2033 - Loans, Limitations.
Section 125.2034 - Loans, Grants, or Investments; Limitations; Condition.
Section 125.2035 - Loans; Use; Recipients; Terms and Conditions.
Section 125.2036 - Loan for Economic Development Project; Legal Assurance as to Use of Money.