Michigan Compiled Laws
451-1994-II-6-195 - Part 195 Environmental Protection Bond Implementation (324.19501...324.19513)
Section 324.19511 - Conditions to Making Grant or Loan.

Sec. 19511.
The department shall not make a grant or a loan under section 19508(1)(a) or (b) unless all of the following conditions are met:
(a) The applicant demonstrates that the proposed project is in compliance with or will result in compliance with all applicable state laws and rules.
(b) The applicant demonstrates to the department the capability to carry out the proposed project.
(c) The applicant provides the department with evidence that a licensed professional engineer has approved the plans and specifications for the project, if appropriate.
(d) The applicant demonstrates to the department that there is an identifiable source of funds for the future maintenance and operation of the proposed project.
(e) Notwithstanding any other provision of this section, for grant projects approved for funding under section 19508(1)(a) on or after the effective date of the 2016 amendatory act that amended this section, subdivisions (a) to (d) do not apply and the department shall apply the same application requirements provided for a grant or loan in section 19609.
History: Add. 1995, Act 60, Imd. Eff. May 24, 1995 ;-- Am. 2016, Act 472, Eff. Apr. 5, 2017 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.