Public Act 94 of 2003

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• Introduced by Sen. Tom George (R) on February 27, 2003, to allow a county to grant or loan funds not derived from property taxes to a nonprofit corporation organized to subsidize economic development loans. See Senate Bill 240.
  • Referred to the Senate Local, Urban, & State Affairs Committee on February 27, 2003.
    • Reported in the Senate on March 18, 2003, with the recommendation that the substitute S-1) be adopted and that the bill then pass.
    • Substitute offered in the Senate on March 19, 2003, to replace the previous version of the bill with one which requires that the criteria for the proposed subsidy grants be disclosed, that there be public notice, and that there be a specific statement of the public purpose for the funding. Grants could only be awarded in a public county commission meeting, and recipients would be required to file annual reports on the extent to which their activities have met the stated public purpose. The substitute passed by voice vote in the Senate on March 19, 2003.
• Passed 37 to 0 in the Senate on March 20, 2003, to allow a county to grant or loan any funds not derived from property taxes to a nonprofit corporation organized to subsidize economic development loans. Current law only allows the use of federal, state, or local grants for this purpose. The bill requires that grants or loans be awarded in a public county commission meeting according to an official process, and requires recipients to file annual reports on the extent to which their activities have met the stated public purpose. See also Senate Bill 240, and House Bills 4300 and 4324.
  Who Voted "Yes" and Who Voted "No"
• Received in the House on March 20, 2003.
  • Referred to the House Local Government and Urban Policy Committee on March 20, 2003.
    • Reported in the House on April 9, 2003, with the recommendation that the substitute (H-1) be adopted and that the bill then pass.
    • Substitute offered in the House on May 1, 2003, to replace the previous version of the bill with one which allows the source of the funds used for the grants or loans to be property taxes levied specifically for economic development purposes. The substitute passed by voice vote in the House on May 1, 2003.
    • Amendment offered by Rep. RuthAnn Jamnick (D) on May 1, 2003, to clarify that if the source of the funds used for the grants or loans is property taxes levied specifically for economic development purposes, the tax must have been approved by a vote of the people. Property taxes explicitly levied for economic development purposes are an exception to a prohibition in this statute on using ad valorem taxes for these loans or grants. The amendment passed by voice vote in the House on May 1, 2003.
• Passed 96 to 9 in the House on May 1, 2003, to allow a county to grant or loan funds derived from property taxes levied specifically for economic development purposes and approved by a vote of the people, to a nonprofit corporation organized to subsidize economic development loans. Current law only allows the use of federal, state, or local grants for this purpose, not property tax revenues. The bill requires that grants or loans be awarded according to an official processin a public county commission meeting, and requires recipients to file annual reports on the extent to which their activities have met the stated public purpose. See also Senate Bill 240, and House Bills 4300 and 4324.
  Who Voted "Yes" and Who Voted "No"
• Received in the Senate on July 2, 2003.
  • Amendment offered by Sen. Ray Basham (D) on July 2, 2003, to require that nonprofit corporations receiving the government loans authorized by the law the bill amends be subject to the Freedom Of Information Act. The amendment failed 15 to 21 in the Senate on July 2, 2003.
    Who Voted "Yes" and Who Voted "No"
• Passed 36 to 0 in the Senate on July 2, 2003, to concur with the House-passed version of the bill.
  Who Voted "Yes" and Who Voted "No"
• Signed by Gov. Jennifer Granholm on July 24, 2003.