Michigan Compiled Laws Act 231 Of 1987 Transportation Economic Development Fund (247.901 - 247.914)

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

Section 247.901 Definitions.
As used in this act: (a) "Administrator" means the person appointed by the department, in accordance with the policies of the commission and civil...
Section 247.902 Transportation Economic Development Fund And Office Of Economic Development; Establishment; Purposes; Sources Of Revenue.
(1) The transportation economic development fund is established and shall be set up and maintained in the state treasury as a separate fund for...
Section 247.903 Allocation 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.
(1) Money from the fund shall be allocated for projects to be funded pursuant to section 11(3)(a) and (b) in accordance with the adopted...
Section 247.905 Repealed. 1993, Act 149, Imd. Eff. Aug. 19, 1993.
Compiler's Notes: The repealed section pertained to evaluation criteria and minimum requirements for projects.
Section 247.906 Applications For Projects; Solicitation; Form.
(1) The administrator may solicit project applications for the projects that may be funded under section 11(3)(a) each calendar quarter. (2) The requirements of...
Section 247.907 Submission Of Application; Minimum Requirements.
(1) An applicant shall submit an application for funding on a form approved pursuant to section 6. (2) The department or a city, village,...
Section 247.908 Initial Review Of Application; Criteria; Recommendation; Consultation; Informing Appropriations Committees; Hearings As Condition To Committing Funds.
(1) Each application shall be submitted for initial review to the administrator who may call upon other personnel of the department to assist in...
Section 247.909 Project Categories; Requirements; Criteria.
(1) A project shall relate to 1 or more of the following categories: (a) Economic development road projects in any of the following targeted...
Section 247.910 Cost Of Project; Matching Funds; Evaluation Criteria.
(1) The costs of a project that are eligible to be funded under section 11(3)(a) and (c) shall be developed by the administrator in...
Section 247.911 Bonds; Issuance; Purpose; Appropriation Of Fund Revenue; Percentages; Matching Federal-aid Highway Funds; Obligation Authority For Federal Funds; Distribution.
(1) Bonds may be issued as authorized by the commission for the purpose of funding projects under this act in the manner provided in...
Section 247.912 Widening Projects; Designation And Selection By Task Forces; Failure To Submit Qualified Projects; Proposing Project Result Evaluation Criteria; Annual Report; Administration Of Projects.
(1) The urban task force which represents the majority of the communities in the urban area of each county shall select and designate for...
Section 247.912a Recommendations 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.
(1) The regional rural task force shall make recommendations to the commission and the administrator for funding projects under section 11(3)(d) within their respective...
Section 247.913 Annual Report To Governor And Legislature.
By December 31 each year the commission shall report to the governor, the house and senate appropriations committees, and the house and senate fiscal...
Section 247.914 Repealed. 1993, Act 149, Imd. Eff. Aug. 19, 1993.
Compiler's Notes: The repealed section pertained to the conditional effective date.

Last modified: October 10, 2016