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2012 Senate Bill 929: Revise “21st Century Jobs Fund” business subsidy details

Public Act 145 of 2012

Introduced by Sen. Mike Kowall R-White Lake on February 7, 2012
To revise the procedures by which beneficiaries of the “21st Century Jobs Fund” business subsidy program are selected, transferring authority from “independent experts” to political appointees on the Michigan Strategic Fund board. The bill would also reduce program reporting requirements; increase the amount certain grant recipients can spend for "overhead;" and make other changes.   Official Text and Analysis.
Referred to the Senate Economic Development Committee on February 7, 2012
Reported in the Senate on February 9, 2012
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered in the Senate on February 22, 2012
The substitute passed by voice vote in the Senate on February 22, 2012
Received in the House on February 23, 2012
Referred to the House Commerce Committee on February 23, 2012
Reported in the House on April 17, 2012
Without amendment and with the recommendation that the bill pass.
Signed by Gov. Rick Snyder on May 30, 2012