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Act 107 of 1969
AN ACT to authorize the department of state highways and transportation, through the aeronautics commission, to make loans to counties, cities, townships, and incorporated villages, or any combination thereof, and to establish a revolving fund for the purpose of airport development; and to authorize the commission to prescribe rules for granting loans and repayment of loans.
History: 1969, Act 107, Imd. Eff. July 24, 1969
Am. 1975, Act 192, Imd. Eff. Aug. 8, 1975
© 2017 Legislative Council, State of Michigan
The People of the State of Michigan enact:
|Section 259.251||Section||Continuing airport loan program; creation; administration; purpose.
|Section 259.252||Section||Revolving loan account; appropriation, administration.
|Section 259.253||Section||Loans; rules; limitation; repayment period; interest rate; collection and disposition of repayments and interest.
|Section 259.254||Section||Aeronautics commission; report to legislature, time, contents.
|Section 259.255||Section||Supplemental construction of act.