Mich. Comp. Laws § 286.941
Short title.
This act shall be known and may be cited as the "rural development fund act".
Michigan Compiled Laws — RURAL DEVELOPMENT FUND ACT (Act 411 of 2012)
Michigan · statute · 411 of 2012, Mich. Comp. Laws · 7 active provisions
Mich. Comp. Laws § 286.942
Definitions.
As used in this act: (a) "Board" means the rural development fund board established in section 3. (b) "Commission" means the commission of agriculture and rural development. (c) "Department" means the department of agriculture and rural development. (d) "Director" means the director of the department. (e) "Fund" means…
Mich. Comp. Laws § 286.943
Rural development fund board; creation; qualifications; appointment; terms; compensation; oath of office; election of chairperson and officers; personnel; quorum; compliance with open meetings act; removal of member; duties.
(1) The rural development fund board is created within the department. (2) The board shall be composed of 5 members as follows: (a) The director, or his or her designee from within the department, who shall provide the board with input and expertise relating to this state's food and agriculture sector and economic deve…
Mich. Comp. Laws § 286.944
Board members as public servants and public officers; discharge of duties in nonpartisan manner; conflict of interest; noncompliance with subsection (4).
(1) Notwithstanding section 3(1) of 1968 PA 317, MCL 15.323, members of the board are considered public servants subject to 1968 PA 317, MCL 15.321 to 15.330, and public officers subject to 1973 PA 196, MCL 15.341 to 15.348. A member of the board shall discharge the duties of the position in a nonpartisan manner, in go…
Mich. Comp. Laws § 286.945
Rural development fund.
(1) The rural development fund is created within the state treasury. (2) The state treasurer may receive money or other assets from any source for deposit into the fund, including, but not limited to, all of the following: (a) State or federal appropriations, transfers, or grants. (b) Gifts, bequests, or donations. (c)…
Mich. Comp. Laws § 286.946
Evaluation of project proposals; criteria; review and update; posting on department's website and printed materials.
(1) The board shall develop criteria for evaluating project proposals for funding with money from the fund. The criteria shall include both of the following: (a) A preference for projects in the region in which revenues are generated as described in section 5(2)(c). (b) Support for projects that address the expansion a…
Mich. Comp. Laws § 286.947
Expenditures; requests for project proposals; determinations; prohibited expenditures; matching funds.
(1) Money in the fund shall be expended, upon legislative appropriation, for all of the following: (a) Grants, loans, and loan guarantees to fund projects identified under subsection (3). (b) Administrative expenses of the department in implementing this act. (c) Not more than $250,000.00 of the revenue received during…