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Legislation watch

2011 Senate Bill 567: Create another corporate subsidy program

Public Act 252 of 2011

Introduced by Sen. Mike Kowall (R) on July 13, 2011 To authorize cash subsidies of up to $10 million for firms selected by political appointees on the board of the state government's “Michigan Strategic Fund,” who would have extensive discretion to hand out these cash subsidies and subsidized loans to particular firms. This “Michigan Community Revitalization Program” would essentially replace subsidies provided through the Michigan Economic Growth Authority (MEGA), and also ones handed out under "brownfields" statutes, which were "open-ended," whereas this program will hand out around $100 million annually (that's the amount appropriated this year).   Official Text and Analysis.
Referred to the Senate Economic Development Committee on July 13, 2011
Reported in the Senate on September 15, 2011 With the recommendation that the substitute (S-2) be adopted and that the bill then pass.
Substitute offered in the Senate on September 15, 2011 To replace the previous version of the bill with one that revises details but does not change the substance as previously described.
The substitute passed by voice vote in the Senate on September 15, 2011
Passed 35 to 1 in the Senate on September 20, 2011 (same description)
To authorize cash subsidies of up to $10 million for firms selected by political appointees on the board of the state government's “Michigan Strategic Fund,” who would have extensive discretion to hand out these cash subsidies and subsidized loans to particular firms. This “Michigan Community Revitalization Program” would essentially replace subsidies provided through the Michigan Economic Growth Authority (MEGA), and also ones handed out under "brownfields" statutes, which were "open-ended," whereas this program will hand out around $100 million annually (that's the amount appropriated this year).
Received in the House on September 20, 2011
Referred to the House Commerce Committee on September 20, 2011
Reported in the House on November 2, 2011 With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered in the House on November 29, 2011 To replace the previous version of the bill with one that revises details; this was superseded by a different substitute.
The substitute passed by voice vote in the House on November 29, 2011
Substitute offered by Rep. Wayne Schmidt (R) on November 29, 2011 To replace the previous version of the bill with one that gives somewhat less discretion to the Michigan Strategic Fund board regarding which firms gan get the proposed subsidies; requires more transparency and reporting on the performance of the firms getting the subsidies; and limits the number of $10 million subsidies to three per year, plus up to five firms getting $1 million subsidies.
The substitute passed by voice vote in the House on November 29, 2011
Passed 95 to 11 in the House on November 30, 2011 (same description)
To authorize cash subsidies of up to $10 million for firms selected by political appointees on the board of the state government's “Michigan Strategic Fund,” who would have extensive discretion to hand out these cash subsidies and subsidized loans to particular firms. This “Michigan Community Revitalization Program” would essentially replace subsidies provided through the Michigan Economic Growth Authority (MEGA), and also ones handed out under "brownfields" statutes, which were "open-ended," whereas this program will hand out around $100 million annually (that's the amount appropriated this year).
Received in the Senate on December 1, 2011
Passed 34 to 1 in the Senate on December 6, 2011 To concur with the House-passed version of the bill.
Signed by Gov. Rick Snyder on December 13, 2011

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