Section 324.14503. Applicant eligibility.

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(1) An applicant for a small business pollution prevention loan must meet all of the following requirements:

(a) Qualify as a small business as defined in MCL 324.14501(j).

(b)    Apply for a small business pollution prevention loan in coordination with a lending institution under these rules.

(c)   Propose to utilize the small business pollution prevention loan to undertake an eligible pollution prevention project in Michigan.

(d) Commence the proposed pollution prevention project within 180 days of receipt of a loan.

(e)    Not have received a loan as described in these rules within the prior 3-year period.

(2) To be eligible for a loan from the fund for a qualified agricultural energy production system, an applicant shall also meet requirements in MCL 324.14513(5).

History: 1998-2000 AACS; 2013 AACS.

                    
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