2006 Michigan Compiled Laws - Act 231 of 1987


TRANSPORTATION ECONOMIC DEVELOPMENT FUND

Act 231 of 1987

AN ACT to create a transportation economic development fund in the state treasury; to prescribe the uses of and distributions from this fund; to create the office of economic development and to prescribe its powers and duties; to prescribe the powers and duties of the state transportation department, state transportation commission, and certain other bodies; and to permit the issuance of certain bonds.


History: 1987, Act 231, Imd. Eff. Dec. 28, 1987 ;--Am. 1989, Act 218, Imd. Eff. Dec. 1, 1989




The People of the State of Michigan enact:

DocumentDescription
Section 247.901Definitions.
Section 247.902Transportation economic development fund and office of economic development; establishment; purposes; sources of revenue.
Section 247.903Allocation of funds for projects; notice; hearings; funding projects under §§ 247.907(3) and 247.909(1)(a); coordination of projects; department as contracting agent; assistance to commission; appropriation for administration of fund; duties of commission and office of economic development.
Section 247.905Repealed. 1993, Act 149, Imd. Eff. Aug. 19, 1993.
Section 247.906Applications for projects; solicitation; form.
Section 247.907Submission of application; minimum requirements.
Section 247.908Initial review of application; criteria; recommendation; consultation; informing appropriations committees; hearings as condition to committing funds.
Section 247.909Project categories; requirements; criteria.
Section 247.910Cost of project; matching funds; evaluation criteria.
Section 247.911Bonds; categories and amounts in which projects to be funded; percentages on which funding based; obligation authority for federal funds; distribution.
Section 247.912Widening projects; designation and selection by task forces; failure to submit qualified projects; proposing project result evaluation criteria; annual report; administration of projects.
Section 247.912aRecommendations of regional rural task force for funding projects; failure to submit qualified projects; composition of task force; basis for funding projects; administration of programs and projects.
Section 247.913Annual report to governor and legislature.
Section 247.914Repealed. 1993, Act 149, Imd. Eff. Aug. 19, 1993.

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