Michigan Compiled Laws 331-1966-2-13 Chapter 13 New Jobs Training Programs (389.161...389.166)

• Section 389.161 Definitions.
  As used in this chapter: (a) "Agreement" means a written agreement between an employer and a community college district concerning a project and any...
• Section 389.162 Agreement By Community College And Employer; Establishment Of Project; Provisions; Payments As Lien On Employer's Business Property; Filing With Department Of Treasury; Limitation On Entering New Agreements.
  (1) A community college district may enter into an agreement to establish a project with an employer engaged in business activities anywhere in the...
• Section 389.163 Program Costs Of New Jobs Training Program; Payment From Money Received From New Jobs Credit From Withholding; Agreement; Provisions; Amount Remitted To Community College District; Information To Be Provided To Department Of Treasury.
  (1) If any part of the program costs of a new jobs training program are to be paid from receipt of money from a...
• Section 389.164 New Jobs Training Revenue Bonds.
  (1) Subject to subsection (16), by resolution of its board of trustees, a community college district may authorize, issue, and sell its new jobs...
• Section 389.165 Tax Exemption.
  Bonds and notes issued by a community college district under this chapter and the interest on and income from those bonds and notes are...
• Section 389.166 Aggregate Outstanding Obligation Of All Agreements; Limitation.
  The aggregate outstanding obligation of all agreements entered into under this chapter shall not exceed $50,000,000.00 in any calendar year. History: Add. 2008, Act...

Last modified: October 10, 2016