Section 324.50502 - DefinitionsAs used in this part:
(a) "Authority" means the Michigan forest finance authority created in section 50503.(b) "Board" means the board of directors of the Michigan forest finance authority, except where the context clearly requires a different definition.(c) "Bonds" means bonds of the authority issued as provided in this part.(d) "Forest management operations and practices" means activities related to the harvesting, reforestation, and other forest management, including, but not limited to, road access for silviculture activity and forest thinning, pest control, disease control, fertilization, forest protection, and wildlife management, that are consistent with principles of sustainable forestry.(e) "Notes" means notes of the authority issued as provided in this part, including commercial paper.(f) "State forester" means an employee of the department who has a 4-year degree in forest management from an accredited college or university and experience in forest management and who is designated as the state forester by the director.(g) "Sustainable forestry" means that term as defined in section 52501.Amended by 2020, Act 287,s 2, eff. 12/29/2020.Amended by 2004, Act 124, s 2, eff. 5/28/2004.Add. 1995, Act 57, Imd. Eff. 5/24/1995.