Section 125.1293 - Priority to certain projects.
FEDERAL BOND LIMITATIONS (EXCERPT)
Act 153 of 2010
125.1293 Priority to certain projects.
Sec. 3.
In determining any allocation or reallocation under this act, the state treasurer shall, to the extent practicable, give priority to projects within a region in which an original allocation existed or a remaining allocation exists and which reflect a consensus or preference among entities to which original allocations were provided. However, an entity to which an allocation or reallocation is provided shall not issue bonds related to an allocation or reallocation for a project that benefits a person who has been convicted of a felony if the conviction will have a material impact on the ability of the person to participate in the project.
History: 2010, Act 153, Imd. Eff. Aug. 23, 2010