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2013 Senate Bill 270: Convert 21st Century Jobs Fund from rule-based to discretionary corporate subsidies

Public Act 505 of 2014

Introduced by Sen. Judy Emmons (R) on March 19, 2013 To essentially eliminate requirements that certain proportions of the money spent by a “21st Century Jobs Fund” business subsidy program go to specified actions, including the state government buying shares of particular companies or giving them loans or cash grants, a tourism industry marketing subsidy, and other so-called government ‘economic development’ spending. This and related bills would in general convert this from appearing to be a ‘rule-based’ subsidy program governed by statutory prescriptions and restrictions into one in which the political appointees on the Michigan Strategic Fund board have more discretion to give out subsidies as they choose. See also Senate Bills 269 to 272 and 278, House Bills 4481 and 4482, and 2012 Senate Bill 929, now Public Act 145 of 2012.   Official Text and Analysis.
Referred to the Senate Economic Development Committee on March 19, 2013
Reported in the Senate on March 21, 2013 With the recommendation that the bill pass.
Passed 36 to 2 in the Senate on June 13, 2013 (same description)
To essentially eliminate requirements that certain proportions of the money spent by a “21st Century Jobs Fund” business subsidy program go to specified actions, including the state government buying shares of particular companies or giving them loans or cash grants, a tourism industry marketing subsidy, and other so-called government ‘economic development’ spending. This and related bills would in general convert this from appearing to be a ‘rule-based’ subsidy program governed by statutory prescriptions and restrictions into one in which the political appointees on the Michigan Strategic Fund board have more discretion to give out subsidies as they choose. See also Senate Bills 269 to 272 and 278, House Bills 4481 and 4482, and 2012 Senate Bill 929, now Public Act 145 of 2012.
Received in the House on June 13, 2013
Referred to the House Commerce Committee on June 13, 2013
Reported in the House on December 4, 2013 With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Passed 83 to 25 in the House on December 18, 2014 To essentially eliminate requirements that certain proportions of the money spent by a “21st Century Jobs Fund” business subsidy program go to specified actions, including the state government buying shares of particular companies or giving them loans or cash grants, a tourism industry marketing subsidy, and other so-called government ‘economic development’ spending. This and related bills would in general convert this from appearing to be a ‘rule-based’ subsidy program governed by statutory prescriptions and restrictions into one in which the political appointees on the Michigan Strategic Fund board have more discretion to give out subsidies as they choose. See also Senate Bills 269 to 272 and 278, House Bills 4481 and 4482, and 2012 Senate Bill 929.
Received in the Senate on December 18, 2014
Passed 30 to 7 in the Senate on December 19, 2014 To concur with the House-passed version of the bill.
Signed by Gov. Rick Snyder on January 10, 2015

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