Introduced
by
To consolidate within the Michigan Strategic Fund agency the decision-making powers currently vested in various other government “economic development” and job training programs created over the years, including the “<a href="http://www.michiganvotes.org/2005-HB-5047">21st Century Jobs Fund</a>.” In general the bill amends the law creating this agency to reflect proposals in Senate Bills 269 to 272, SB 278, House Bill 4481 and others that together convert state “economic development” activities from rule-based programs to ones in which subsidies, loans and tax breaks are granted at the discretion of political appointees on the Michigan Strategic Fund board.
Referred to the Committee on Commerce
Reported without amendment
With the recommendation that the substitute (H-5) be adopted and that the bill then pass.
Passed in the House 77 to 30 (details)
To consolidate within the Michigan Strategic Fund agency the decision-making powers currently vested in various other government “economic development” and job training programs created over the years, including the “<a href="http://www.michiganvotes.org/2005-HB-5047">21st Century Jobs Fund</a>.” In general the bill amends the law creating this agency to reflect proposals in Senate Bills 269 to 272, SB 278, House Bill 4481 and others that together convert these activities from rule-based programs to ones in which subsidies, loans and tax breaks are granted at the discretion of political appointees on the Michigan Strategic Fund board. The bill also expand this agency's authority over "brownfield" and "historic district" tax breaks and subsidies, and job training subsidies for particular firms.
Referred to the Committee on Economic Development
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 28 to 9 (details)
To consolidate within the Michigan Strategic Fund agency the decision-making powers currently vested in various other government “economic development” and job training programs created over the years, including the “<a href="http://www.michiganvotes.org/2005-HB-5047">21st Century Jobs Fund</a>.” In general the bill amends the law creating this agency to reflect proposals in Senate Bills 269 to 272, SB 278, House Bill 4481 and others that together convert these activities from rule-based programs to ones in which subsidies, loans and tax breaks are granted at the discretion of political appointees on the Michigan Strategic Fund board. The bill also expand this agency's authority over "brownfield" and "historic district" tax breaks and subsidies, and job training subsidies for particular firms.
