Go To Top capitol dome
Michigan Legislature
Michigan Compiled Laws Complete Through PA 19 of 2024
House: Adjourned until Tuesday, April 9, 2024 1:30:00 PM
Senate: Adjourned until Tuesday, April 9, 2024 10:00:00 AM


Updated website coming soon!

Michigan Legislature

Main Content

451-1994-II-6-195
Search within this Statute for

NATURAL RESOURCES AND ENVIRONMENTAL PROTECTION ACT (EXCERPT)
Act 451 of 1994
Part 195
ENVIRONMENTAL PROTECTION BOND IMPLEMENTATION

DocumentTypeDescription
Section 324.19501SectionDefinitions.
Section 324.19502SectionLegislative finding and declaration.
Section 324.19503SectionBonds; requirements generally.
Section 324.19504SectionBonds negotiable; tax exemption.
Section 324.19505SectionBonds as securities.
Section 324.19506SectionEnvironmental protection bond fund; creation; composition; restricted subaccounts.
Section 324.19507SectionDisposition and allocation of bond proceeds; investment of fund; allocation and disposition of interest and earnings; transfer of repayments of principal and interest; disposition of unencumbered balance.
Section 324.19508SectionUse of money in fund allocated under MCL 324.19507; expenditures; recovery and retention of funds by eligible community; contents and submission of list of projects; appropriations; prioritizing and approving projects; "eligible community" defined.
Section 324.19509SectionGrant and loan programs; rules; maximum participation; considerations in making grant or loan; interest; grant projects under MCL 324.19508(1)(a); applicability.
Section 324.19510SectionApplication for grant or loan; form; requirements.
Section 324.19511SectionConditions to making grant or loan.
Section 324.19512SectionRecipient of grant or loan; conditions; noncompliance; revocation of grant or withholding payment; recovery of grant by department; withholding grant or loan; grant projects approved under MCL 324.19508(1)(a).
Section 324.19513SectionRules.
up icon