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Code · Michigan · Chapter 487 — Financial Institutions

487.1216 Publication and distribution of information on impact of act.

159 words·~1 min read·/mi/chapter-487/487-1216

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487.1216 Publication and distribution of information on impact of act.
Sec. 216.
(1)The commissioner shall publish annually and provide to the house committee on economic development and energy and senate committee on economic development, trade and tourism information on the impact of this act in promoting economic development in this state. At the minimum, the information shall include aggregate statistics on each of the following:
(a)The number and dollar amount of provisions of financing assistance made by licensees to business firms.
(b)The number and dollar amount of provisions of financing assistance made by licensees to business firms classified in broad categories of industry such as divisions of the standard industrial classification manual.
(c)The number and dollar amount of provisions of financing assistance made by licensees to minority owned business firms and to woman owned business firms.
(d)Estimates of the number of jobs created or retained.
History: 1986, Act 89, Imd. Eff. May 1, 1986
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