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Michigan Compiled Laws Complete Through PA 264 and includes 267-336 of 2018
House: Adjourned until Wednesday, September 5, 2018 1:30:00 PM
Senate: Adjourned until Tuesday, September 4, 2018 10:00:00 AM

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451-1994-II-6-195
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NATURAL RESOURCES AND ENVIRONMENTAL PROTECTION ACT (EXCERPT)
Act 451 of 1994
Part 195
ENVIRONMENTAL PROTECTION BOND IMPLEMENTATION

DocumentTypeDescription
Section 324.19501SectionDefinitions.
Section 324.19502SectionLegislative finding and declaration.
Section 324.19503SectionBonds; requirements generally.
Section 324.19504SectionBonds negotiable; tax exemption.
Section 324.19505SectionBonds as securities.
Section 324.19506SectionEnvironmental protection bond fund; creation; composition; restricted subaccounts.
Section 324.19507SectionDisposition and allocation of bond proceeds; investment of fund; allocation and disposition of interest and earnings; transfer of repayments of principal and interest; disposition of unencumbered balance.
Section 324.19508SectionUse of money in fund allocated under MCL 324.19507; expenditures; recovery and retention of funds by eligible community; contents and submission of list of projects; appropriations; prioritizing and approving projects; "eligible community" defined.
Section 324.19509SectionGrant and loan programs; rules; maximum participation; considerations in making grant or loan; interest; grant projects under MCL 324.19508(1)(a); applicability.
Section 324.19510SectionApplication for grant or loan; form; requirements.
Section 324.19511SectionConditions to making grant or loan.
Section 324.19512SectionRecipient of grant or loan; conditions; noncompliance; revocation of grant or withholding payment; recovery of grant by department; withholding grant or loan; grant projects approved under MCL 324.19508(1)(a).
Section 324.19513SectionRules.
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