Michigan Compiled Laws
451-1994-II-6-195 - Part 195 Environmental Protection Bond Implementation (324.19501...324.19513)
Section 324.19501 - Definitions.

Sec. 19501.
As used in this part:
(a) "Bonds" means the bonds issued under part 193 or former Act No. 326 of the Public Acts of 1988.
(b) "Fund" means the environmental protection bond fund created in section 19506.
(c) "Local unit of government" means a county, city, village, or township, or an agency of a county, city, village, or township; an authority or any other public body created by or pursuant to state law; or this state or an agency or department of this state.
(d) "Private entity" means an individual, trust, firm, partnership, corporation, or association, whether profit or nonprofit, that is not a local unit of government.
History: Add. 1995, Act 60, Imd. Eff. May 24, 1995 Popular Name: Act 451Popular Name: NREPA

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 324 - Natural Resources and Environmental Protection

Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)

Article II - Pollution Control (324.3101...324.21563)

451-1994-II-6 - Chapter 6 Environmental Funding (324.19101...324.19708)

451-1994-II-6-195 - Part 195 Environmental Protection Bond Implementation (324.19501...324.19513)

Section 324.19501 - Definitions.

Section 324.19502 - Legislative Finding and Declaration.

Section 324.19503 - Bonds; Requirements Generally.

Section 324.19504 - Bonds Negotiable; Tax Exemption.

Section 324.19505 - Bonds as Securities.

Section 324.19506 - Environmental Protection Bond Fund; Creation; Composition; Restricted Subaccounts.

Section 324.19507 - Disposition and Allocation of Bond Proceeds; Investment of Fund; Allocation and Disposition of Interest and Earnings; Transfer of Repayments of Principal and Interest; Disposition of Unencumbered Balance.

Section 324.19508 - Use of Money in Fund Allocated Under MCL 324.19507; Expenditures; Recovery and Retention of Funds by Eligible Community; Contents and Submission of List of Projects; Appropriations; Prioritizing and Approving Projects; "Eligible C...

Section 324.19509 - Grant and Loan Programs; Rules; Maximum Participation; Considerations in Making Grant or Loan; Interest; Grant Projects Under MCL 324.19508(1)(a); Applicability.

Section 324.19510 - Application for Grant or Loan; Form; Requirements.

Section 324.19511 - Conditions to Making Grant or Loan.

Section 324.19512 - Recipient of Grant or Loan; Conditions; Noncompliance; Revocation of Grant or Withholding Payment; Recovery of Grant by Department; Withholding Grant or Loan; Grant Projects Approved Under MCL 324.19508(1)(a).

Section 324.19513 - Rules.