Michigan Compiled Laws 270-1984-1 Chapter 1 (125.2001...125.2014)

• Section 125.2001 Legislative Finding And Declaration.
  The legislature hereby finds and declares the following problems and objectives: (a) The economy of the state of Michigan is at present recovering from...
• Section 125.2002 Purposes Of Act.
  It is hereby declared to be the purposes of this act and of the Michigan strategic fund created by this act to help diversify...
• Section 125.2003 Short Title.
  This act shall be known and may be cited as the “Michigan strategic fund act”. History: 1984, Act 270, Eff. Mar. 29, 1985 Compiler's...
• Section 125.2004 Definitions.
  As used in this act: (a) "Board" means the board of directors of the Michigan strategic fund, except where the context clearly requires a...
• Section 125.2005 Michigan Strategic Fund; Creation; Purposes, Powers, Duties, And Functions Generally; Appointment, Qualifications, And Terms Of Members; Chairperson, President, And Vice-president; Compensation And Expenses; Delegation Of Functions And Authority; Quorum; Voting; Meetings; Conducting Business At Public Meeting; Notice; Confidentiality; Closed Sessions; "Financial Or Proprietary Information" Defined.
  (1) There is created by this act a public body corporate and politic to be known as the Michigan strategic fund. The fund shall...
• Section 125.2006 Members, Officers, And Employees Subject To Mcl 15.321 To 15.330 Or Mcl 15.301 To 15.310; Discharge Of Duties By Member, Officer, Employee, Or Agent; Prohibited Conduct; Conflict Of Interest; Noncompliance; Expenditures.
  (1) Notwithstanding section 3(1) of 1968 PA 317, MCL 15.323, members of the board and officers and employees of the fund are subject to...
• Section 125.2007 Powers And Duties Of Fund.
  The fund shall have the powers and duties provided in this act, the powers delegated by other laws or executive orders, including, but not...
• Section 125.2007a Compliance With Divestment From Terror Act.
  The board shall comply with the divestment from terror act, 2008 PA 234, MCL 129.291 to 129.301, in making investments under this act. History:...
• Section 125.2007b Advisory Committee; Projects Relating To Port Facilities; Recommendations.
  (1) The governor shall establish and appoint an advisory committee to make recommendations to the board regarding projects relating to port facilities. (2) The...
• Section 125.2008 Evaluation Procedures; Priorities; Targets.
  (1) The fund shall develop procedures to evaluate types of business and industry and to set priorities as to which types of business and...
• Section 125.2009 Activities Report; Contents; Audit; Providing And Posting Information Regarding Actions Under Chapter 8c; Posting Loan Or Grant Documentation And Information Regarding Programs Providing Financial Assistance; "Financial Assistance" Defined.
  (1) The fund shall transmit to each member of the legislature, the governor, the clerk of the house of representatives, the secretary of the...
• Section 125.2010 Applicability Of Limitation Or Restriction.
  If the exercise of a power granted to the fund under this act is expressly limited or restricted under a particular chapter of this...
• Section 125.2011 Request For Assistance; Approval Or Disapproval; Reconsideration.
  Within 90 days after assistance for a project is requested from the fund by the filing of a written application with the board, the...
• Section 125.2012 Private Sector Financial Support; Associated Transactions.
  (1) Significant private sector financial support shall be associated with all of the following transactions of the fund or any of its concerns: (a)...
• Section 125.2012a Loan, Loan Insurance, Or Guarantee For Public Work; Requirements.
  The fund shall not provide a loan, loan insurance, or guarantee for a public work which assists a project or exercise any of its...
• Section 125.2013 Total Debt Owed To Fund; Limitation.
  The total debt owed to the fund, excluding rights and royalties under a venture capital agreement or obligations to the fund resulting from an...
• Section 125.2014 Loans And Transactions.
  A loan made by the fund pursuant to this act or through any of its centers shall not be considered a loan proscribed by...

Last modified: October 10, 2016