STATE STATUTES & CODES
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MICHIGAN STATUTES AND CODES
Section 324.1901 - Definitions.
Act 451 of 1994
324.1901 Definitions.
Sec. 1901.
As used in this part:
(a) “Board” means the Michigan natural resources trust fund board established in section 1905.
(b) “Economic development revenue bonds (oil and gas revenues), series 1982A, dated December 1, 1982” includes bonds refunding these bonds, provided that any refunding bonds mature no later than September 1, 1994.
(c) “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 thereof, which authority is legally constituted to provide public recreation.
(d) “Total expenditures” means the amounts actually expended from the trust fund as authorized by section 1903(1) and (2).
(e) “Trust fund” means the Michigan natural resources trust fund established in section 35 of article IX of the state constitution of 1963.
History: Add. 1995, Act 60, Imd. Eff. May 24, 1995
Popular Name: Act 451
Popular Name: NREPA