Sec. 48.
Loans, loan insurance, or loan guarantees provided from the local government assistance account may be on such terms and conditions as the fund, in its sole discretion, determines to be reasonable, appropriate, and consistent with the purposes and objectives of the fund and this chapter.
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)
270-1984-4 - Chapter 4 (125.2041...125.2049a)
Section 125.2041 - "Public Work" Defined.
Section 125.2042 - Center for Assistance to Local Government; Establishment and Operation.
Section 125.2043 - Local Government Assistance Account; Payments Into Account; Transfer of Money.
Section 125.2044 - Utilization of Money; Purposes.
Section 125.2045 - Loans, Loan Insurance, or Guarantees; Requirements.
Section 125.2048 - Loans, Loan Insurance, or Loan Guarantees; Terms and Conditions.
Section 125.2049 - Loans, Loan Insurance, or Loan Guarantees; Conditions.