Sec. 49.
A loan, loan insurance, or loan guarantee shall not be provided from the local government assistance account unless it is for a public work which will assist an economic development project and unless the fund finds that there is significant private sector financial support associated with the economic development project.
History: 1984, Act 270, Eff. Mar. 29, 1985
Popular Name: Strategic Fund
Last modified: October 10, 2016