MCL - 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
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Am. 1989, Act 218, Imd. Eff. Dec. 1, 1989
| Document | Type | Description |
|---|---|---|
| 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| Section 247.905 | Section | Repealed. 1993, Act 149, Imd.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; distribution to certain targeted industries. |
| Section 247.912 | Section | Selection and designation of projects by urban task force; 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| Section 247.914 | Section | Repealed. 1993, Act 149, Imd.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. |