Michigan Laws 125.2073 – Research center fund; payments into fund; transfer of money
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(1) The center for research and development shall be funded by the research center fund.
(2) The fund shall pay into the research center fund any money appropriated or otherwise provided by this state for the purposes of the center for research and development; any money determined by the fund to be paid into the research center fund from the economic development fund; any money paid into the research center fund pursuant to the heritage trust act of 1982, Act No. 327 of the Public Acts of 1982, being section 318.421 to 318.434 of the Michigan Compiled Laws; any money which the fund receives in return for investments made through the center for research and development; and any other money made available to the fund for the purposes of the center from any other source, public or private.
Terms Used In Michigan Laws 125.2073
- Economic development fund: means that fund to which the fund succeeded in ownership pursuant to section 22. See Michigan Laws 125.2071
- Fund: means the Michigan strategic fund created under section 5, except where the context clearly requires a different definition. See Michigan Laws 125.2004
- Research center fund: means that fund created by section 27 of former 1982 PA 70, to which the fund succeeds in ownership pursuant to section 76. See Michigan Laws 125.2071
- 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
(3) Money in the research center fund may be transferred into any other account or fund established or operated by the fund, unless the fund is otherwise obligated to retain the money in the research center fund or except if the money was appropriated by this state for the purposes of the center.