Sec. 4.
(1) The director shall promote, identify, and facilitate, either directly or through any of the persons listed in section 6, export sale opportunities of agricultural commodities and products of the state.
(2) If the director finds that a proposed export sale meets the requirements of this act and the buyer is eligible for a loan from a qualifying financial institution, the director shall notify the state treasurer of the proposed export sale and the state treasurer may invest surplus funds of the state in the lending financial institution to participate in such a loan.
History: 1990, Act 359, Imd. Eff. Dec. 27, 1990
Structure Michigan Compiled Laws
Act 359 of 1990 - Michigan Farm Export Act (447.201 - 447.207)
Section 447.201 - Short Title.
Section 447.202 - Definitions.
Section 447.203 - Michigan Farm Export Loan Program; Creation; Administration; Purpose.
Section 447.204 - Duties of Director.
Section 447.205 - Loan Requirements.