SB-1027, As Passed Senate, June 12, 2012
SUBSTITUTE FOR
SENATE BILL NO. 1027
A bill to amend 1984 PA 270, entitled
"Michigan strategic fund act,"
(MCL 125.2001 to 125.2094) by adding section 15.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 15. The fund shall establish requirements to ensure that
any recipient of funds, including a loan, a grant, or funding or
other assistance for a project, is not an Iran linked business as
described in the Iran economic sanctions act.
Enacting section 1. This amendatory act does not take effect
unless Senate Bill No. 1024 of the 96th Legislature is enacted into
law.