Section 125.2044 - Utilization of money; purposes.
MICHIGAN STRATEGIC FUND ACT (EXCERPT)
Act 270 of 1984
125.2044 Utilization of money; purposes.
Sec. 44.
Subject to the limitations provided by this chapter, the fund may utilize money held in the local government assistance account for 1 or more of the following purposes:
(a) To make loans to a municipality.
(b) To establish a reserve fund to insure or guarantee borrowings of a municipality.
History: 1984, Act 270, Eff. Mar. 29, 1985
Popular Name: Strategic Fund