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Code · Michigan · Chapter 324 — Natural Resources and Environmental Protection

324.50150 Cost-share payments, loans, or annual incentive payments; federal payments or other assistance; limitation.

122 words·~1 min read·/mi/chapter-324/324-50150

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324.50150 Cost-share payments, loans, or annual incentive payments; federal payments or other assistance; limitation.
Sec. 50150.
Cost-share payments, loans, or annual incentive payments under this subpart may be made for forest practices that are also the subject of payments or other assistance provided under federal law. Payments or loans may be made to satisfy member cost shares or to repay loans received under federal programs. Combined state and federal payments and loans, and required member cost-share contributions, shall not together exceed the amount of the actual cost or the prevailing cost per acre of the forest practices as determined by the board, whichever is less.
History: Add. 1995, Act 57, Imd. Eff. May 24, 1995
Popular Name: Act 451
Popular Name: NREPA
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