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MICHIGAN LEGISLATURE
95th Legislature
Regular Session
Michigan Compiled Laws Complete Through PA 242 of 2009
House: Adjourned until Wednesday, February 10, 2010 1:30:00 PM
Senate: Adjourned until Wednesday, February 10, 2010 10:00:00 AM
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MICHIGAN STRATEGIC FUND ACT Act 270 of 1984 AN ACT relating to the economic development of this state; to create the Michigan strategic fund and to prescribe its powers and duties; to transfer and provide for the acquisition and succession to the rights, properties, obligations, and duties of the job development authority and the Michigan economic development authority to the Michigan strategic fund; to provide for the expenditure of proceeds in certain funds to which the Michigan strategic fund succeeds in ownership; to provide for the issuance of, and terms and conditions for, certain notes and bonds of the Michigan strategic fund; to create certain boards and funds; to create certain permanent funds; to exempt the property, income, and operation of the fund and its bonds and notes, and the interest thereon, from certain taxes; to provide for the creation of certain centers within and for the purposes of the Michigan strategic fund; to provide for the creation and funding of certain accounts for certain purposes; to impose certain powers and duties upon certain officials, departments, and authorities of this state; to make certain loans, grants, and investments; to provide penalties; to make an appropriation; and to repeal acts and parts of acts.
History: 1984, Act 270, Eff. Mar. 29, 1985
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Am. 2005, Act 225, Imd. Eff. Nov. 21, 2005 Popular Name: Strategic Fund
© 2009 Legislative Council, State of Michigan
The People of the State of Michigan enact:
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