{"data":{"id":"us-mi/mich.-comp.-laws-324.20108a","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 324.20108a","heading":"Revitalization revolving loan fund; creation; deposit of assets into fund; investment; interest and earnings; carrying forward unexpended balance; lump-sum appropriation; expenditure.","body":"Sec. 20108a.\n\nThe revitalization revolving loan fund is created within the state treasury.\n\nThe state treasurer may receive money or other assets from any source for deposit into the revitalization revolving loan fund. The state treasurer shall direct the investment of the revitalization revolving loan fund. The state treasurer shall credit to the revitalization revolving loan fund interest and earnings from revitalization revolving loan fund investments.\n\nAn unexpended balance within the revitalization revolving loan fund at the close of the fiscal year shall be carried forward to the following fiscal year.\n\nThe department shall annually submit to the governor a request for a lump-sum appropriation from the revitalization revolving loan fund for loans pursuant to the revitalization revolving loan program under section 20108b.\n\nThe department shall expend money from the revitalization revolving loan fund, upon appropriation, only for the revitalization loan program created in section 20108b.","path":["MI Code","Chapter 324","Act Act-451-of-1994"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-324-20108a","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"a5e80e630007415192e813b0cdf170e44ed43e5ed8ee1b39d1e18bb25c8e3511","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-324.20108","next":"us-mi/mich.-comp.-laws-324.20108b"},"notice":"GroundRules: Original legal text. Not legal advice."}