Michigan Compiled Laws
451-1994-III-4-1-ADMINISTRATION-715 - Part 715 Recreation Bond Implementation (324.71501...324.71514)
Section 324.71501 - Definitions.

Sec. 71501.
As used in this part:
(a) "Bonds" means the bonds issued under part 713 or former Act No. 327 of the Public Acts of 1988.
(b) "Fund" means the recreation bond fund created in section 71506.
(c) "Local public recreation project" means capital improvement projects including, but not limited to, the construction, expansion, development, or rehabilitation of recreational facilities, and the restoration of the natural environment. Local public recreation project does not include the operation, maintenance, or administration of those facilities, wages, or administration of projects or purchase of facilities already dedicated to public recreational purposes.
(d) "Local unit of government" means a county, city, township, village, school district, the Huron-Clinton metropolitan authority, or any authority composed of counties, cities, townships, villages, or school districts, or any combination of those entities, which authority is legally constituted to provide public recreation.
History: Add. 1995, Act 58, 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 III - Natural Resources Management (324.30101...324.83109)

451-1994-III-4 - Chapter 4 Recreation (324.70101...324.83109)

451-1994-III-4-1 - Subchapter 1 Recreation (324.70101...324.73302)

451-1994-III-4-1-ADMINISTRATION - Administration (324.70101...324.71607)

451-1994-III-4-1-ADMINISTRATION-715 - Part 715 Recreation Bond Implementation (324.71501...324.71514)

Section 324.71501 - Definitions.

Section 324.71502 - Legislative Finding and Declaration.

Section 324.71503 - Bonds; Requirements Generally.

Section 324.71504 - Bonds Negotiable; Tax Exemption.

Section 324.71505 - Bonds as Securities.

Section 324.71506 - Recreation Bond Fund; Creation; Composition; Restricted Subaccounts.

Section 324.71507 - Disposition of Bond Proceeds; Investment of Fund; Allocation of Interest and Earnings; Crediting and Use of Repayments of Principal and Interest; Disposition of Unencumbered Balance; Submission and Contents of List of Projects; Ap...

Section 324.71508 - Use of Fund Generally.

Section 324.71509 - Making and Allocating Grants and Loans to Local Units of Government; Division of State Into Regions; Match by Local Unit; Rules; Sale, Disposal, or Use of Facility.

Section 324.71510 - Grant or Loan Program; Rules; Maximum Participation; Considerations in Determining Appropriateness of Grant or Loan Program; Considerations in Making Grant or Loan.

Section 324.71511 - Application for Grant or Loan; Form; Information.

Section 324.71512 - Conditions to Making Grant or Loan.

Section 324.71513 - Recipient of Grant or Loan; Duties; Noncompliance; Recovery of Grant; Withholding Grant or Loan.

Section 324.71514 - Rules Generally.