Sec. 19605.
The bonds are securities in which banks, savings and loan associations, investment companies, credit unions, and other persons carrying on a banking business; all insurance companies, insurance associations, and other persons carrying on an insurance business; and all administrators, executors, guardians, trustees, and other fiduciaries may properly and legally invest funds, including capital, belonging to them or within their control.
History: Add. 1998, Act 288, Eff. Dec. 1, 1998 Popular Name: Act 451Popular Name: NREPA
Structure 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-6-196 - Part 196 Clean Michigan Initiative Implementation (324.19601...324.19616)
Section 324.19601 - Definitions.
Section 324.19602 - Findings and Declaration.
Section 324.19604 - Bonds as Negotiable and Exempt From Taxation.
Section 324.19605 - Bonds as Securities; Investment of Funds.
Section 324.19608a - Clean Michigan Initiative Grant and Revolving Loan Program.
Section 324.19608b - Grants and Loans Under MCL 324.19608(1)(a)(iv); Conditions.
Section 324.19609 - Grant or Loan Application; Form or Format; Funds Under MCL 324.19608(1)(a)(iv).
Section 324.19610a - Funding Provided Under MCL 324.19608(1)(iv); Conditions.
Section 324.19611 - Balancing Distribution of Grants and Loans; Considerations.
Section 324.19613 - Grants and Loans Under MCL 324.19608; Conditions.
Section 324.19614 - Recovery of Costs.