Michigan § 120.157 - Maritime and port facility assistance fund.
Full text of Michigan Michigan Compiled Laws § 120.157 — Maritime and port facility assistance fund., with citation guidance and answers to common questions.
§ 120.157. Maritime and port facility assistance fund.
(1) The maritime and port facility assistance fund is created in the state treasury.
(2) The state treasurer shall deposit money and other assets received from any source into the fund. The state treasurer shall direct the investment of money in the fund and credit interest and earnings from the investments to the fund.
(3) Money in the fund at the close of the fiscal year does not lapse to the general fund.
(4) The office is the administrator of the fund for audits of the fund.
(5) The office shall expend money from the fund, on appropriation, only for the purposes described in section 5, and in section 10s of 1951 PA 51, MCL 247.660s.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 120.157
What does Michigan Compiled Laws § 120.157 cover?
Section 120.157 ("Maritime and port facility assistance fund.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 120.157?
A common citation format is "Michigan Compiled Laws § 120.157" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 120.157 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.