Michigan Compiled Laws Act 10 Of 2013 Marina Dredging Loan Origination Act (324.95231 - 324.95235)

• Section 324.95231 Short Title.
  This act shall be known and may be cited as the "marina dredging loan origination act". History: 2013, Act 10, Imd. Eff. Mar. 27,
• Section 324.95232 Definitions.
  As used in this act: (a) "Bottomland" means the land area of a water body that lies below the ordinary high-water mark and that...
• Section 324.95233 Marina Dredging Loan Origination Program; Establishment; Requirements; Limitation On Loan Amount.
  (1) The state treasurer may establish a marina dredging loan origination program as provided in this act. (2) The program shall meet all of...
• Section 324.95234 Powers And Duties Of State Treasurer, Attorney General, And Qualified Financial Institution; Program As Valid Public Purpose.
  (1) The state treasurer may take any necessary action to ensure the successful operation of the program, including, but not limited to, entering into...
• Section 324.95235 Appropriation; Expenditure.
  (1) An amount sufficient to pay loan origination fees under this act, not to exceed $1,000,000.00, shall be expended if it is appropriated to...

Last modified: October 10, 2016