Examples of Act 270 in a sentence
This act shall be known and may be cited as the "property assessed clean energy act".History: 2010, Act 270, Imd.
The fund may procure insurance, a guarantee, or a letter of credit for either all or part of a single revenue bond issue or for all or a part of any combination of revenue bond issues.History: 1984, Act 270, Eff.
The fund shall establish and operate a center for assistance to local government.History: 1984, Act 270, Eff.
Guidelines for premiums or fees charged by the fund for loan, debenture, or lease insurance guarantees, or letters of credit shall be established by the fund.History: 1984, Act 270, Eff.
If the exercise of a power granted to the fund under this act is expressly limited or restricted under a particular chapter of this act, the limitation or restriction applies only when the fund is acting under that chapter.History: 1984, Act 270, Eff.
The fund shall establish and operate a center for loan insurance.History: 1984, Act 270, Eff.
The insurance code of 1956, Act No. 218 of the Public Acts of 1956, being sections 500.100 to 500.8302 of the Michigan Compiled Laws, shall not apply to such an insurance contract and the fund shall not be considered an insurer subject to the insurance code of 1956, Act No. 218 of the Public Acts of 1956, by virtue of entering into such a contract.History: 1984, Act 270, Eff.
The fund shall give paramount priority in making loans from the private enterprise assistance account to economic development projects which have the greatest potential for creating new jobs or retaining current jobs within this state.History: 1984, Act 270, Eff.
The fund shall establish and operate a center for assistance to private enterprise.History: 1984, Act 270, Eff.
Subject to the limitations provided by this chapter, the fund may utilize the money held in the private enterprise assistance account to make loans to private enterprise to finance economic development projects within this state which have the potential of creating new jobs or retaining current jobs within this state.History: 1984, Act 270, Eff.