Sec. 79111.
A lease entered into by the department under this part shall not be issued without consideration. However, the department may establish annual lease payments, which reduce the initial financial burden on the lessee as much as is reasonably possible, with subsequent payments to be appropriately increased to assure payment of the total lease obligation prior to the termination of the lease.
History: Add. 1995, Act 58, Imd. Eff. May 24, 1995 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 III - Natural Resources Management (324.30101...324.83109)
451-1994-III-4 - Chapter 4 Recreation (324.70101...324.83109)
451-1994-III-4-4 - Subchapter 4 the Michigan State Waterways Commission (324.78101...324.79508)
451-1994-III-4-4-HARBOR-DEVELOPMENT - Harbor Development (324.79101...324.79508)
451-1994-III-4-4-HARBOR-DEVELOPMENT-791 - Part 791 Harbor Development (324.79101...324.79118)
Section 324.79101 - Definitions.
Section 324.79102 - Providing Assistance to Certain Persons.
Section 324.79103 - Purchase of Real Property for Development of Marinas.
Section 324.79104 - Purchase of Property Located Within Local Unit of Government.
Section 324.79105 - Sale of Structures, Real Property, or Rights or Interest in Real Property.
Section 324.79106 - Construction of Nonrevenue-Producing Harbor Facilities.
Section 324.79107 - Leases of Real Property.
Section 324.79108 - Solicitation and Evaluation of Proposals.
Section 324.79111 - Consideration for Issuance of Lease; Reduction of Initial Financial Burden.
Section 324.79113 - Minimum Standards for Construction and Operation of Harbor Facilities by Lessee.
Section 324.79114 - Disposition of Revenue From Lease Contracts.
Section 324.79115 - Liability.
Section 324.79117 - Administration of Part; Advice by Department.