MCL - 451-1994-II-6-195

NATURAL RESOURCES AND ENVIRONMENTAL PROTECTION ACT (EXCERPT)
Act 451 of 1994
Part 195
ENVIRONMENTAL PROTECTION BOND IMPLEMENTATION
Document Type Description
Section 324.19501 Section Definitions.
Section 324.19502 Section Legislative finding and declaration.
Section 324.19503 Section Bonds; requirements generally.
Section 324.19504 Section Bonds negotiable; tax exemption.
Section 324.19505 Section Bonds as securities.
Section 324.19506 Section Environmental protection bond fund; creation; composition; restricted subaccounts.
Section 324.19507 Section Disposition 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 324.19508 Section Use 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 324.19509 Section Grant and loan programs; rules; maximum participation; considerations in making grant or loan; interest; grant projects under MCL 324.19508(1)(a); applicability.
Section 324.19510 Section Application for grant or loan; form; requirements.
Section 324.19511 Section Conditions to making grant or loan.
Section 324.19512 Section Recipient 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 324.19513 Section Rules.