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Michigan Compiled Laws Complete Through PA 578 of 2018
House: Adjourned until Wednesday, March 20, 2019 1:30:00 PM

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Act 107 of 1969
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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 259.251SectionContinuing airport loan program; creation; administration; purpose.
Section 259.252SectionRevolving loan account; appropriation, administration.
Section 259.253SectionLoans; rules; limitation; repayment period; interest rate; collection and disposition of repayments and interest.
Section 259.254SectionAeronautics commission; report to legislature, time, contents.
Section 259.255SectionSupplemental construction of act.
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