Section 324.50102 - Definitions; A to D(1) "Agency of this state" means a board, bureau, commission, department, or other division of the executive branch of government of this state.(2) "Board" means the board of directors of the forest improvement district.(3) "Bond" means a bond, note, or any other instrument issued to evidence indebtedness.(4) "Cost-share payment" means a payment made by a forest improvement district pursuant to section 50145 to a member who owns or occupies forest land.(5) "County with high unemployment" means a county with an annual unemployment rate, as reported by the Michigan employment security commission, higher than the mean annual unemployment rate of this state.(6) "District" or "forest improvement district" means a governmental subdivision of the state established under section 50123.Add. 1995, Act 57, Imd. Eff. 5/24/1995 .