Sec. 76.
The succession of the fund to all rights, properties, obligations, and duties of the Michigan economic development authority pursuant to section 21 shall include succession to the ownership and operation of the research center fund, of all distributions pursuant to the heritage trust act of 1982, Act No. 327 of the Public Acts of 1982, being sections 318.421 to 318.434 of the Michigan Compiled Laws, to the Michigan economic development authority for deposit in the research center fund, and of all obligations, promises, covenants, commitments, and other requirements relating to the research center fund that were made by the Michigan economic development authority. Payments into the research center fund pursuant to Act No. 327 of the Public Acts of 1982 shall continue to be made as provided by that act upon and after the fund succeeds to ownership and operation of the research center fund.
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)
270-1984-7 - Chapter 7 (125.2071...125.2079)
Section 125.2071 - Definitions.
Section 125.2072 - Center for Research and Development; Establishment and Operation.
Section 125.2073 - Research Center Fund; Payments Into Fund; Transfer of Money.
Section 125.2075 - Business Plan.
Section 125.2076 - Scope of Succession to Rights, Properties, Obligations, and Duties of Michigan Economic Development Authority; Payments in Research Center Fund.
Section 125.2077 - Higher Education Coordination Council; Membership.