Sec. 37.
The fund shall give paramount priority in making loans from the private enterprise assistance account to economic development projects which have the greatest potential for 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.