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TRANSPORTATION ECONOMIC DEVELOPMENT FUND Act 231 of 1987 AN ACT to create a transportation economic development fund in the state treasury; to prescribe the uses of and distributions from this fund; to create the office of economic development and to prescribe its powers and duties; to prescribe the powers and duties of the state transportation department, state transportation commission, and certain other bodies; and to permit the issuance of certain bonds.
History: 1987, Act 231, Imd. Eff. Dec. 28, 1987
Am. 1989, Act 218, Imd. Eff. Dec. 1, 1989 © 2009 Legislative Council, State of Michigan The People of the State of Michigan enact:
Section 247.901 Section Definitions.
Section 247.902 Section Transportation economic development fund and office of economic development; establishment; purposes; sources of revenue.
Section 247.903 Section Allocation of funds for projects; notice; hearings; funding projects under MCL 247.907(3) and 247.909(1)(a); coordination of projects; department as contracting agent; assistance to commission; appropriation for administration of fund; duties of commission and office of economic development.
Section 247.905 Section Repealed. 1993, Act 149, Imd. Eff. Aug. 19, 1993.
Section 247.906 Section Applications for projects; solicitation; form.
Section 247.907 Section Submission of application; minimum requirements.
Section 247.908 Section Initial review of application; criteria; recommendation; consultation; informing appropriations committees; hearings as condition to committing funds.
Section 247.909 Section Project categories; requirements; criteria.
Section 247.910 Section Cost of project; matching funds; evaluation criteria.
Section 247.911 Section Bonds; issuance; purpose; appropriation of fund revenue; percentages; matching federal-aid highway funds; obligation authority for federal funds; distribution.
Section 247.912 Section Widening projects; designation and selection by task forces; failure to submit qualified projects; proposing project result evaluation criteria; annual report; administration of projects.
Section 247.912a Section Recommendations of regional rural task force for funding projects; failure to submit qualified projects; composition of task force; basis for funding projects; administration of programs and projects.
Section 247.913 Section Annual report to governor and legislature.
Section 247.914 Section Repealed. 1993, Act 149, Imd. Eff. Aug. 19, 1993.