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Michigan Compiled Laws Complete Through PA 140 of 2017
House: Adjourned until Tuesday, November 28, 2017 1:30:00 PM
Senate: Adjourned until Tuesday, November 28, 2017 10:00:00 AM

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Act 231 of 1987
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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

© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

Section 247.901SectionDefinitions.
Section 247.902SectionTransportation economic development fund and office of economic development; establishment; purposes; sources of revenue.
Section 247.903SectionAllocation 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 247.905SectionRepealed. 1993, Act 149, Imd. Eff. Aug. 19, 1993.
Section 247.906SectionApplications for projects; solicitation; form.
Section 247.907SectionSubmission of application; minimum requirements.
Section 247.908SectionInitial review of application; criteria; recommendation; consultation; informing appropriations committees; hearings as condition to committing funds.
Section 247.909SectionProject categories; requirements; criteria.
Section 247.910SectionCost of project; matching funds; evaluation criteria.
Section 247.911SectionBonds; issuance; purpose; appropriation of fund revenue; percentages; distribution to certain targeted industries; reduction.
Section 247.912SectionSelection and designation of projects by urban task force; failure to submit qualified projects; proposing project result evaluation criteria; annual report; administration of projects.
Section 247.912aSectionRecommendations 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 247.913SectionAnnual report to governor and legislature.
Section 247.914SectionRepealed. 1993, Act 149, Imd. Eff. Aug. 19, 1993.
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