Michigan § 125.2045 - Loans, loan insurance, or guarantees; requirements.
Full text of Michigan Michigan Compiled Laws § 125.2045 — Loans, loan insurance, or guarantees; requirements., with citation guidance and answers to common questions.
§ 125.2045. Loans, loan insurance, or guarantees; requirements.
Loans, loan insurance, or guarantees provided pursuant to section 44 shall be made only for public works which will assist an economic development project, including those portions of an endeavor devoted to the sale of goods at retail or housing if these portions are inseparable from the economic development project and the public work also assists those portions of the endeavor qualified as an economic development project, which has the potential of creating new jobs or retaining current jobs within this state and which is consistent with the purposes and objectives of the fund.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 125.2045
What does Michigan Compiled Laws § 125.2045 cover?
Section 125.2045 ("Loans, loan insurance, or guarantees; requirements.") 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 § 125.2045?
A common citation format is "Michigan Compiled Laws § 125.2045" (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 § 125.2045 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.