There is a newer version
of
this Section
2022 Michigan Compiled Laws
Chapter 125 - Planning, Housing, and Zoning
Act 198 of 1984 - Michigan Business Incubation Act (125.1571 - 125.1586)
Section 125.1584 - Administration of State Funding.
Universal Citation: MI Comp L § 125.1584 (2022)
125.1584 Administration of state funding.
Sec. 14.
(1) The department shall administer state funding for the centers it designates.
(2) During the first 3 years of operation, the department shall provide funding for any designated center up to 50% of the costs of establishment and maintenance that are not covered by rental fees. The department shall not provide any state funding to a center after the center's first 3 years of operation. As used in this subsection, "costs of establishment" means the actual cost of leasing the center or the actual cost of acquisition of the center prorated over a period of not less than 15 years.
History: 1984, Act 198, Imd. Eff. July 3, 1984
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
