Sec. 87.
An advisory panel shall be convened by the fund to consider proposals for venture agreements and financial aid from the product development program account. The panel shall be composed of 5 members appointed by the fund having skills and experience in providing capital to innovative business, in starting and operating such businesses, or in providing professional and technical services to or otherwise working with such businesses. The advisory panel shall report to the fund its analysis and recommendations on the proposal for financial aid and a venture agreement.
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)
270-1984-8 - Chapter 8 (125.2081...125.2087)
Section 125.2081 - “Economic Development Fund” Defined.
Section 125.2082 - Center for Product Development; Establishment and Operation.
Section 125.2085 - Recipients of Financial Aid.
Section 125.2087 - Advisory Panel; Purpose; Membership; Report; Recommendation.