Michigan Compiled Laws
Mich. Comp. Laws § 474.62 (2026)
Federal loan, guarantee of loan, or federal programs.
✓ current as of July 2026
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STATE TRANSPORTATION PRESERVATION ACT OF 1976
Act 295 of 1976
474.62 Federal loan, guarantee of loan, or federal programs.
Sec. 12.
The department may apply for an acquisition and modernization loan, or a guarantee of a loan, pursuant to the federal acts or other federal programs within the limit of funds appropriated for this purpose.
History: 1976, Act 295, Eff. Nov. 15, 1976 ;-- Am. 1984, Act 210, Imd. Eff. July 9, 1984
Notes of Decisions
Cited in 1
case, 1977–1977 · leading case: Advisory Opinion on Constitutionality of 1976 PA 295, 1976 PA 297, 1976 PA 297 (Mich. 1977).
Advisory Opinion on Constitutionality of 1976 PA 295, 1976 PA 297, 1976 PA 297 (Mich. 1977). “Section 12 of PA 295, MCLA 474.62; MSA 22.180(32), is the only provision of this statute that appears to empower the State Highway Commission to grant the credit of the state to, or in aid of, others, and which, consequently, holds the potential for running afoul of the…”
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