Michigan Compiled Laws
Act 231 of 1987 - Transportation Economic Development Fund (247.901 - 247.914)
Section 247.913 - Annual Report to Governor and Legislature.

Sec. 13.
By December 31 each year the commission shall report to the governor, the house and senate appropriations committees, and the house and senate fiscal agencies the following information regarding this act:
(a) The projects funded during the previous fiscal year.
(b) The status of projects funded in the immediately preceding fiscal year.
(c) The number of jobs created and retained and any other economic benefits of the projects funded and listed under section 9(1)(a).
(d) For each project described in section 9(1)(b) that received funds under this act, both of the following:
(i) A general description of the project.
(ii) The estimated total cost of the project.
(e) The degree to which the projects funded have achieved the objectives of this act.
(f) Any other information considered necessary by the commission for the legislature to evaluate the effectiveness of this act.
History: 1987, Act 231, Imd. Eff. Dec. 28, 1987 ;-- Am. 2016, Act 501, Imd. Eff. Jan. 9, 2017 ;-- Am. 2018, Act 473, Eff. Mar. 29, 2019

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 247 - Highways

Act 231 of 1987 - Transportation Economic Development Fund (247.901 - 247.914)

Section 247.901 - Definitions.

Section 247.902 - Transportation Economic Development Fund and Office of Economic Development; Establishment; Purposes; Sources of Revenue.

Section 247.903 - Allocation of Funds for Projects; Notice; Hearings; Funding Projects Under MCL 247.907(3) and 247.909(1)(a); Coordination of Projects; Department as Contracting Agent; Assistance to Commission; Appropriation for Administration of Fu...

Section 247.905 - Repealed. 1993, Act 149, Imd. Eff. Aug. 19, 1993.

Section 247.906 - Applications for Projects; Solicitation; Form.

Section 247.907 - Submission of Application; Minimum Requirements.

Section 247.908 - Initial Review of Application; Criteria; Recommendation; Consultation; Informing Appropriations Committees; Hearings as Condition to Committing Funds.

Section 247.909 - Project Categories; Requirements; Criteria.

Section 247.910 - Cost of Project; Matching Funds; Evaluation Criteria.

Section 247.911 - Bonds; Issuance; Purpose; Appropriation of Fund Revenue; Percentages; Distribution to Certain Targeted Industries.

Section 247.912 - Selection and Designation of Projects by Urban Task Force; Failure to Submit Qualified Projects; Proposing Project Result Evaluation Criteria; Annual Report; Administration of Projects.

Section 247.912a - Recommendations of Regional Rural Task Force for Funding Projects; Failure to Submit Qualified Projects; Composition of Task Force; Basis for Funding Projects; Administration of Programs and Projects.

Section 247.913 - Annual Report to Governor and Legislature.

Section 247.914 - Repealed. 1993, Act 149, Imd. Eff. Aug. 19, 1993.