324.19611 Balancing distribution of grants and loans; considerations.
140 words·~1 min read·
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324.19611 Balancing distribution of grants and loans; considerations.
Sec. 19611.
(1)Prior to making a grant or loan with money from the fund, the administering state department shall consider the extent to which the making of the grant or loan contributes to the achievement of a balanced distribution of grants and loans throughout the state.
(2)In determining whether a grant or a loan is appropriate under section 19608(1)(a)(iv), the department shall consider whether the project is likely to be undertaken without state assistance, the availability of state funds from other sources, the degree of private sector participation in the type of project under consideration, and other factors considered important by the department.
History: Add. 1998, Act 288 , Eff. Dec. 1, 1998 ;-- Am. 2016, Act 475 , Eff. Apr. 5, 2017
Popular Name: Act 451
Popular Name: NREPA