Michigan § 125.2046 - Loans, loan insurance, or guarantees; limitation; lawful public improvement; prohibition; application.
Full text of Michigan Michigan Compiled Laws § 125.2046 — Loans, loan insurance, or guarantees; limitation; lawful public improvement; prohibition; application., with citation guidance and answers to common questions.
§ 125.2046. Loans, loan insurance, or guarantees; limitation; lawful public improvement; prohibition; application.
A loan, loan insurance, or a loan guarantee shall be provided pursuant to section 44 only for public works.
A public work financed in whole or in part pursuant to section 44 shall be a public improvement which the municipality is empowered to provide for the public under law or its charter. However, a public work shall not include public systems of mass transportation that involve solely the transportation of individuals.
A municipality shall apply for a loan, loan insurance, or loan guarantee pursuant to section 44 either in conjunction with any application the economic development project may make to the fund or with an affidavit of the economic development project attesting to the manner in which the public work will assist the economic development project.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 125.2046
What does Michigan Compiled Laws § 125.2046 cover?
Section 125.2046 ("Loans, loan insurance, or guarantees; limitation; lawful public improvement; prohibition; application.") 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 § 125.2046?
A common citation format is "Michigan Compiled Laws § 125.2046" (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 § 125.2046 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.