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30 chapters · 3,111 sections in this title.
Mich. Comp. Laws § 324.95231 Short title.
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Sec. 1. This act shall be known and may be cited as the "marina dredging loan origination act".
Mich. Comp. Laws § 324.95232 Definitions.
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Sec. 2. As used in this act: (a) "Bottomland" means the land area of a water body that lies below the ordinary high-water mark and that may or may not be covered by water. (b) "Dredging" means the removal of sediments from bottomland. (c) "Dredging costs" means the costs associat…
Mich. Comp. Laws § 324.95233 Marina dredging loan origination program; establishment; requirements; limitation on loan amount.
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Sec. 3. (1) The state treasurer may establish a marina dredging loan origination program as provided in this act. (2) The program shall meet all of the following: (a) A qualified financial institution shall make marina dredging loans before March 1, 2014. (b) A person receiving a…
Mich. Comp. Laws § 324.95234 Powers and duties of state treasurer, attorney general, and qualified financial institution; program as valid public purpose.
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Sec. 4. (1) The state treasurer may take any necessary action to ensure the successful operation of the program, including, but not limited to, entering into agreements with qualified financial institutions related to the operation of the program and the issuance of marina dredgi…