STATE STATUTES & CODES
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
MICHIGAN STATUTES AND CODES
Section 324.19613 - Grants and loans under MCL 324.19608; conditions.
Act 451 of 1994
324.19613 Grants and loans under MCL 324.19608; conditions.
Sec. 19613.
Of the funds to be used to provide grants and loans under section 19608(1)(a)(iv), all of the following conditions apply:
(a) A recipient of a grant shall receive not more than 1 grant per year not to exceed $1,000,000.00 per grant.
(b) A recipient of a loan shall receive a maximum of 1 loan per year not to exceed $1,000,000.00 per loan.
(c) A grant shall be awarded only if the department determines that both of the following apply:
(i) The property is a facility as defined in section 20101.
(ii) The proposed development of the property will result in measurable economic benefit in excess of the grant amount requested by the applicant.
(d) A loan shall be awarded only if the department determines that both of the following apply:
(i) The property is a facility as defined in section 20101 or is suspected of being a facility.
(ii) The property has economic development potential based on the applicant's planned use of the property.
History: Add. 1998, Act 288, Eff. Dec. 1, 1998
Popular Name: Act 451
Popular Name: NREPA