Michigan § 125.2049 - Loans, loan insurance, or loan guarantees; conditions.
Full text of Michigan Michigan Compiled Laws § 125.2049 — Loans, loan insurance, or loan guarantees; conditions., with citation guidance and answers to common questions.
§ 125.2049. Loans, loan insurance, or loan guarantees; conditions.
A loan, loan insurance, or loan guarantee shall not be provided from the local government assistance account unless it is for a public work which will assist an economic development project and unless the fund finds that there is significant private sector financial support associated with the economic development project.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 125.2049
What does Michigan Compiled Laws § 125.2049 cover?
Section 125.2049 ("Loans, loan insurance, or loan guarantees; conditions.") 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 § 125.2049?
A common citation format is "Michigan Compiled Laws § 125.2049" (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 § 125.2049 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.