Sec. 88.
(1) The legislature finds and declares that the activities authorized under this chapter to encourage diversification of the economy and the creation of jobs in this state are a public purpose and of paramount concern in the interest of the health, safety, and general welfare of the citizens of this state. It is the intent of the legislature that the economic benefits and the creation of jobs resulting from this chapter shall accrue substantially within this state.
(2) Activities authorized under this chapter shall not be considered a project, economic development project, or a product assisted by the fund for purposes of chapter 1 or 2.
History: Add. 2005, Act 225, Imd. Eff. Nov. 21, 2005 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)
270-1984-8A - Chapter 8a (125.2088...125.2088t)
Section 125.2088 - Legislative Findings; Intent; Scope of Activities.
Section 125.2088a - Definitions.
Section 125.2088c - Duties of Fund Board; Definitions.
Section 125.2088e - Private Equity Investment Program.
Section 125.2088f - Venture Capital Investment Program.
Section 125.2088g - Mezzanine Investment Program.
Section 125.2088h - Investment Fund; Creation; Duties of Fund Board.
Section 125.2088i - Office of Chief Compliance Officer.
Section 125.2088j - Disbursements.
Section 125.2088m - Member, Employee, or Agent of Commercialization Board; Conduct.
Section 125.2088o - Technology Transfer Acceleration Program.
Section 125.2088q - Center of Innovation Program; Definitions.
Section 125.2088s - Critical Industry Program.
Section 125.2088t - Michigan Strategic Site Readiness Program.