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Michigan Compiled Laws, Chapter 247. Highways § 247.668m

Current as of January 01, 2025 | Updated by Findlaw Staff

Sec. 18m. (1) A local road agency or a public transportation system may borrow money from a state infrastructure bank program administered by the department in accordance with regulations of the state infrastructure bank program of the United States Department of Transportation.

(2) As used in this section:

(a) “Local road agency” means that term as defined in section 9a.  1

(b) “Public transportation system” means that term as defined in section 2 of the regional transit authority act, 2012 PA 387, MCL 124.542.

1 M.C.L.A. § 247.659a.
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Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 247. Highways § 247.668m - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-247-highways/mi-comp-laws-247-668m/

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