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2013 House Bill 4998: Appoint “entrepreneurs-in-residence” at Michigan Strategic Fund
Public Act 393 of 2014
Introduced by Rep. Wayne Schmidt R-Traverse City on September 24, 2013
To require the state agency responsible for granting and overseeing selective tax breaks and subsidies granted to particular corporations or developers (the “Michigan Strategic Fund”) to appoint up to 10 “entrepreneurs-in-residence” to help the agency to “improve outreach to small business concerns;” identify inefficient or duplicative “economic development” programs; recommend ways to expand and improve the efficiency of these programs; and more. Official Text and Analysis.
Referred to the House Commerce Committee on September 24, 2013
Reported in the House on February 12, 2014
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Substitute offered in the House on May 28, 2014
The substitute passed by voice vote in the House on May 28, 2014
Amendment offered by Rep. Wayne Schmidt R-Traverse City on June 3, 2014
To establish that if enacted the bill will go into effect 90 days afterwards.
The amendment passed by voice vote in the House on June 3, 2014
Received in the Senate on June 4, 2014
Referred to the Senate Reforms, Restructuring and Reinventing Committee on June 4, 2014
Reported in the Senate on September 30, 2014
With the recommendation that the bill pass.
Signed by Gov. Rick Snyder on December 18, 2014