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Michigan Compiled Laws Complete Through PA 29 of 2013
House: Adjourned until Tuesday, May 21, 2013 1:30:00 PM
Senate: Adjourned until Tuesday, May 21, 2013 10:00:00 AM

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270-1984-6
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MICHIGAN STRATEGIC FUND ACT (EXCERPT)
Act 270 of 1984
Chapter 6


DocumentTypeDescription
Section 125.2061SectionDefinitions.
Section 125.2062SectionCenter for minority venture capital; establishment and operation.
Section 125.2063SectionCertification of minority venture capital company and MESBIC; purpose; construction of certification; statement in documents; forwarding certification applications; qualifications for initial certification; compliance.
Section 125.2064SectionConsiderations prior to certification.
Section 125.2065SectionPercentage of venture capital investments; encouraging certified MESBIC to meet investment requirements; “investment” defined.
Section 125.2066SectionMinority venture capital company as certified MESBIC.
Section 125.2067SectionIndependent program audit.
Section 125.2068SectionEffective date and duration of certification; eligibility as recipient of investments; approval and effect of tax credit disqualification.
Section 125.2069SectionRevocation of certification; notice; remedying deficiencies and complying with requirements; determination.
Section 125.2069aSectionTax credit certification; information; report.