Michigan Early Stage Venture Investment Act Of 2003 (Excerpt) Act 296 Of 2003 (United States)

Michigan Early Stage Venture Investment Act Of 2003 (Excerpt) Act 296 Of 2003

Published: 2015

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MICHIGAN EARLY STAGE VENTURE INVESTMENT ACT OF 2003 (EXCERPT)
Act 296 of 2003

125.2261 Expiration of fund.Sec. 31.

The fund created in section 19 shall expire on January 1, 2030. Any money in the fund, subject to all outstanding debts and obligation of the Michigan early stage venture investment corporation being defeased and satisfied, shall be distributed with the first $140,000,000.00 going to the general fund of this state and any remaining going to the 21st century jobs trust fund established in section 7 of the Michigan trust fund act, 2000 PA 489, MCL 12.257.

History: 2003, Act 296, Imd. Eff. Jan. 8, 2004

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Am. 2015, Act 193, Imd. Eff. Nov. 16, 2015

© 2015 Legislative Council, State of Michigan