324.19608a Clean Michigan initiative grant and revolving loan program.

382 words·~2 min read·/mi/chapter-324/324-19608a

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Sec. 19608a.

(1)The department shall create a clean Michigan initiative grant and revolving loan program for the purpose of making grants and loans to local units of government under section 19608(1)(a)(iv) for eligible activities at eligible properties with redevelopment potential.

(2)Grants provided under the clean Michigan initiative grant and revolving loan program that are used solely to determine whether a property is a site or a facility and, if so, to characterize the nature and extent of the contamination by means of an assessment or investigation shall be issued only if all of the following conditions are met:

(a)The characterization of the nature and extent of contamination includes an estimate of response activity costs in relation to the value of the property in an uncontaminated state and identifies future potential limitations on the use of the property based upon current environmental conditions.

(b)The property has demonstrable economic development potential. This subdivision does not require a specific development proposal to be identified.

(3)The department shall not make a grant or a loan under the clean Michigan initiative grant and revolving loan program unless all of the following conditions are met:

(a)The applicant demonstrates that the proposed project is in, or will result in, compliance with all applicable state laws and rules.

(b)The applicant demonstrates to the department the capability to carry out the proposed project.

(c)The applicant demonstrates to the department that there is an identifiable source of funds for the future maintenance and operation of the activities funded with money from the fund, if appropriate.

(d)Within the last 24 months, the applicant has successfully undergone an audit conducted in accordance with generally accepted auditing standards or an emergency manager has been appointed for the applicant under the local financial stability and choice act, 2012 PA 436, MCL 141.1541 to 141.1575.

(e)Within the last 24 months, the department has not revoked or terminated a grant to the applicant and the administering state department has not determined that the applicant demonstrated an inability to manage a grant.

History: Add. 2003, Act 253 , Imd. Eff. Dec. 29, 2003 ;-- Am. 2016, Act 473 , Eff. Apr. 5, 2017

Popular Name: Act 451

Popular Name: NREPA