Michigan · Statutes
Act Act-270-of-1984
132 sections
132 sections
- Mich. Comp. Laws § 125.2001Legislative finding and declaration.
- Mich. Comp. Laws § 125.2002Purposes of act.
- Mich. Comp. Laws § 125.2003Short title.
- Mich. Comp. Laws § 125.2004Definitions.
- Mich. Comp. Laws § 125.2005Michigan 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.
- Mich. Comp. Laws § 125.2006Members, 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.
- Mich. Comp. Laws § 125.2007Powers and duties of fund.
- Mich. Comp. Laws § 125.2007aCompliance with divestment from terror act.
- Mich. Comp. Laws § 125.2007bAdvisory committee; projects relating to port facilities; recommendations.
- Mich. Comp. Laws § 125.2008Evaluation procedures; priorities; targets.
- Mich. Comp. Laws § 125.2009Activities 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.
- Mich. Comp. Laws § 125.2010Applicability of limitation or restriction.
- Mich. Comp. Laws § 125.2011Request for assistance; approval or disapproval; reconsideration.
- Mich. Comp. Laws § 125.2012Private sector financial support; associated transactions.
- Mich. Comp. Laws § 125.2012aLoan, loan insurance, or guarantee for public work; requirements.
- Mich. Comp. Laws § 125.2013Total debt owed to fund; limitation.
- Mich. Comp. Laws § 125.2014Loans and transactions.
- Mich. Comp. Laws § 125.2021Job development authority and Michigan economic development authority; acquisitions and succession by fund to rights, properties, obligations, and duties thereof.
- Mich. Comp. Laws § 125.2022Economic development fund; succession by fund to ownership and operation thereof; payments pursuant to heritage trust act of 1982; appropriation; utilization and expenditure of money; priorities; transfer and repayments of money; utilization of proceeds from bonds or notes.
- Mich. Comp. Laws § 125.2023Bonds or notes.
- Mich. Comp. Laws § 125.2024Contracts for management and operation of fund.
- Mich. Comp. Laws § 125.2025Actions by fund; equal opportunity criteria; considerations when entering transaction.
- Mich. Comp. Laws § 125.2026Staff and other support; cooperation of state agencies.
- Mich. Comp. Laws § 125.2029Definitions.
- Mich. Comp. Laws § 125.2029aMichigan film office; creation in fund; successor office; duties; powers; budget, procurement, and management functions; administration by commissioner and president of fund; support staff; cooperation with departments, agencies, boards, commissions, and officers.
- Mich. Comp. Laws § 125.2029bMichigan film commissioner; member of state classified service; terms and conditions of employment; agreement; term; oath of office; service as advisor; duties; meetings; exercise of powers, duties, functions, and responsibilities; rules.
- Mich. Comp. Laws § 125.2029cMichigan film office advisory council; creation; membership; chairperson, vice-chairperson, and officers; terms; vacancy; compensation; duties; public meeting; quorum; writings; confidentiality; use of information for personal gain prohibited; adoption of code of ethics.
- Mich. Comp. Laws § 125.2029dMichigan film promotion fund; creation within state treasury; receipt of money or other assets; investment; money remaining in fund at close of fiscal year; expenditure; transfer and deposit of funds.
- Mich. Comp. Laws § 125.2029eMichigan economic development corporation; joint exercise of power.
- Mich. Comp. Laws § 125.2029fRepresentation as employee or agent of office, commissioner, or council; authorization required; violation as misdemeanor; penalty.
- Mich. Comp. Laws § 125.2029gTransfer of records, personnel, property, grants, and unexpended balances.
- Mich. Comp. Laws § 125.2029hFilm and digital media production assistance program; funding prohibited; applications; priority; provisions; submission of application; form; fee; agreement; determination; factors; award; fraudulent or false information; penalty; disclosure of information, records, or other data; performance dashboard; limitation for above the line personnel; hiring Michigan residents; waiver of Michigan resident hiring requirements; findings and declaration of legislature; limitation on use of annual appropriation; certification of certain information by commissioner; reversion of money to general fund; definitions.
- Mich. Comp. Laws § 125.2031Center for assistance to private enterprise; establishment and operation.
- Mich. Comp. Laws § 125.2032Private enterprise assistance account; payments into account; transfer of money.
- Mich. Comp. Laws § 125.2033Loans, limitations.
- Mich. Comp. Laws § 125.2034Loans, grants, or investments; limitations; condition.
- Mich. Comp. Laws § 125.2035Loans; use; recipients; terms and conditions.
- Mich. Comp. Laws § 125.2036Loan for economic development project; legal assurance as to use of money.
- Mich. Comp. Laws § 125.2037Paramount priority in making loans.
- Mich. Comp. Laws § 125.2038Legislative findings and declaration; intent.
- Mich. Comp. Laws § 125.2039Michigan promotion fund; creation; administration; use; credit of amounts; investment; disbursement; borrowing money and issuing notes; appropriation.
- Mich. Comp. Laws § 125.2041"Public work" defined.
- Mich. Comp. Laws § 125.2042Center for assistance to local government; establishment and operation.
- Mich. Comp. Laws § 125.2043Local government assistance account; payments into account; transfer of money.
- Mich. Comp. Laws § 125.2044Utilization of money; purposes.
- Mich. Comp. Laws § 125.2045Loans, loan insurance, or guarantees; requirements.
- Mich. Comp. Laws § 125.2046Loans, loan insurance, or guarantees; limitation; lawful public improvement; prohibition; application.
- Mich. Comp. Laws § 125.2047Borrowing or contracting for loan insurance and loan guarantees; debt limitation; approval; certain acts inapplicable.
- Mich. Comp. Laws § 125.2048Loans, loan insurance, or loan guarantees; terms and conditions.
- Mich. Comp. Laws § 125.2049Loans, loan insurance, or loan guarantees; conditions.
- Mich. Comp. Laws § 125.2049aParamount priority.
- Mich. Comp. Laws § 125.2051Center for loan insurance; establishment and operation.
- Mich. Comp. Laws § 125.2052Loan insurance account; payments into accounts; transfer of money.
- Mich. Comp. Laws § 125.2053Powers of fund through center for loan insurance.
- Mich. Comp. Laws § 125.2054Contract of insurance.
- Mich. Comp. Laws § 125.2055Insurance, guarantees, or letters of credit; limitation; paramount priority.
- Mich. Comp. Laws § 125.2056Insurance, guarantees, or letters of credit; legal assurance of use; terms and conditions; premiums or fees; guidelines.
- Mich. Comp. Laws § 125.2057Agreements with lenders.
- Mich. Comp. Laws § 125.2058Special fund; purpose.
- Mich. Comp. Laws § 125.2061Definitions.
- Mich. Comp. Laws § 125.2062Center for minority venture capital; establishment and operation.
- Mich. Comp. Laws § 125.2063Certification of minority venture capital company and MESBIC; purpose; construction of certification; statement in documents; forwarding certification applications; qualifications for initial certification; compliance.
- Mich. Comp. Laws § 125.2064Considerations prior to certification.
- Mich. Comp. Laws § 125.2065Percentage of venture capital investments; encouraging certified MESBIC to meet investment requirements; “investment” defined.
- Mich. Comp. Laws § 125.2066Minority venture capital company as certified MESBIC.
- Mich. Comp. Laws § 125.2067Independent program audit.
- Mich. Comp. Laws § 125.2068Effective date and duration of certification; eligibility as recipient of investments; approval and effect of tax credit disqualification.
- Mich. Comp. Laws § 125.2069Revocation of certification; notice; remedying deficiencies and complying with requirements; determination.
- Mich. Comp. Laws § 125.2069aTax credit certification; information; report.
- Mich. Comp. Laws § 125.2071Definitions.
- Mich. Comp. Laws § 125.2072Center for research and development; establishment and operation.
- Mich. Comp. Laws § 125.2073Research center fund; payments into fund; transfer of money.
- Mich. Comp. Laws § 125.2074Research center fund; use of money; purpose; obligations of present or emerging technologies; purposes of financial aid; terms and conditions of financial aid; minimum financial aid grant; payment; tax exemption.
- Mich. Comp. Laws § 125.2075Business plan.
- Mich. Comp. Laws § 125.2076Scope of succession to rights, properties, obligations, and duties of Michigan economic development authority; payments in research center fund.
- Mich. Comp. Laws § 125.2077Higher education coordination council; membership.
- Mich. Comp. Laws § 125.2078Service station matching grant program.
- Mich. Comp. Laws § 125.2079Location of renewable fuel plants; inventory of prime sites; availability on internet; assistance.
- Mich. Comp. Laws § 125.2081“Economic development fund” defined.
- Mich. Comp. Laws § 125.2082Center for product development; establishment and operation.
- Mich. Comp. Laws § 125.2083Product development program account; payments into account; transfer or deposit of money.
- Mich. Comp. Laws § 125.2084Product development program account; utilization of money; purpose; terms and conditions of financial aid; condition to financial aid.
- Mich. Comp. Laws § 125.2085Recipients of financial aid.
- Mich. Comp. Laws § 125.2086Amount of financial aid and terms of venture agreement; evaluation and examination.
- Mich. Comp. Laws § 125.2086aFinancial aid to nonprofit corporation; powers and duties of corporation; fund as party to venture agreement; provisions of venture agreement.
- Mich. Comp. Laws § 125.2087Advisory panel; purpose; membership; report; recommendation.
- Mich. Comp. Laws § 125.2088Legislative findings; intent; scope of activities.
- Mich. Comp. Laws § 125.2088aDefinitions.
- Mich. Comp. Laws § 125.2088bPrograms created and operated by fund; expenditures or investments; use of appropriated or transferred money; fees; restriction; selection of vendors; expenditure of funds without further appropriation.
- Mich. Comp. Laws § 125.2088cDuties of fund board; definitions.
- Mich. Comp. Laws § 125.2088dLoan enhancement program; loan guarantee program; small business capital access program; Michigan film and digital media investment loan program; choose Michigan film and digital media loan fund; choose Michigan fund program; Michigan micro loan program; definitions.
- Mich. Comp. Laws § 125.2088ePrivate equity investment program.
- Mich. Comp. Laws § 125.2088fVenture capital investment program.
- Mich. Comp. Laws § 125.2088gMezzanine investment program.
- Mich. Comp. Laws § 125.2088hJobs for Michigan investment fund; creation; duties of fund board.
- Mich. Comp. Laws § 125.2088iOffice of chief compliance officer.
- Mich. Comp. Laws § 125.2088jDisbursements.
- Mich. Comp. Laws § 125.2088kStrategic economic investment and commercialization board; creation; powers, duties, and authority; award of grants and loans; duties of fund; standards for expenditures of money; reasons for selection of grant recipient.
- Mich. Comp. Laws § 125.2088lCommercialization board; membership; appointment; terms; vacancy; chairperson, vice-chairperson, and secretary; oath of office; compensation; reimbursement for expenses; organization; quorum; business conducted at public meetings.
- Mich. Comp. Laws § 125.2088mMember, employee, or agent of commercialization board; conduct.