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§ 324.79111 — Michigan Law | CourtGPT
  1. Home/
  2. Laws/
  3. Michigan/
  4. Chapter 324 - Natural Resources and Environmental Protectionact 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)/
  5. Statute Act 451 of 1994/
  6. Article III - Natural Resources Management (324.30101...324.83109)451-1994-iii-1 -/
  7. Division 451 1994 III 4/
  8. Division 451 1994 III 4 4/
  9. Division 451 1994 III 4 4 Harbor Development/
324.79111 Consideration for issuance of lease; reduction of initial financial burden. Sec. 79111. A lease entered into by the department under this part shall not be issued without consideration. However, the department may establish annual lease payments, which reduce the initial financial burden on the lessee as much as is reasonably possible, with subsequent payments to be appropriately increased to assure payment of the total lease obligation prior to the termination of the lease. History: Add. 1995, Act 58, Imd. Eff. May 24, 1995 Popular Name: Act 451Popular Name: NREPA
Division 451 1994 III 4 4 Harbor Development 791
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  • § 324.79111
  • Michigan Legal Code

    § 324.79111

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