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2015 House Bill 4196: Repeal government “venture capital investment” program

Public Act 193 of 2015

Introduced by Rep. Michael McCready (R) on February 13, 2015
To move forward from 2054 to 2030 the expiration of a state “early stage venture capital investment corporation,” which pledges future tax revenue to guarantee investor returns on certain types of investments. See also House Bills 4195 and 4365.   Official Text and Analysis.
Referred to the House Commerce and Trade Committee on February 13, 2015
Reported in the House on March 24, 2015
With the recommendation that the substitute (H-3) be adopted and that the bill then pass.
Received in the Senate on April 16, 2015
Referred to the Senate Economic Development Committee on April 16, 2015
Reported in the Senate on September 29, 2015
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Received in the House on October 29, 2015
To concur with the Senate-passed version of the bill.
Signed by Gov. Rick Snyder on November 16, 2015

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