Michigan Laws 324.19501 – Definitions
Current as of: 2023 | Check for updates
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As used in this part:
(a) “Bonds” means the bonds issued under part 193 or former Act No. 326 of the Public Acts of 1988.
Terms Used In Michigan Laws 324.19501
- Bonds: means the bonds issued under part 193 or former Act No. See Michigan Laws 324.19501
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Department: means the director of the department of natural resources or his or her designee to whom the director delegates a power or duty by written instrument. See Michigan Laws 324.301
- Fund: means the environmental protection bond fund created in section 19506. See Michigan Laws 324.19501
- local unit: means a municipality or county. See Michigan Laws 324.301
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
(b) “Fund” means the environmental protection bond fund created in section 19506.
(c) “Local unit of government” means a county, city, village, or township, or an agency of a county, city, village, or township; an authority or any other public body created by or pursuant to state law; or this state or an agency or department of this state.
(d) “Private entity” means an individual, trust, firm, partnership, corporation, or association, whether profit or nonprofit, that is not a local unit of government.