Introduced
by
To repeal secrecy provisions that have been used by the agency in charge of selecting businesses and developers to receive state subsidies (the “Michigan Strategic Fund” and its “Michigan Economic Development Corporation” subsidiary) as a way to avoid disclosing the value of each recipient's taxpayer-funded subsidies under a "Michigan Economic Growth Authority" law. New subsidies from this program have been suspended but hundreds of millions in multi-year grants promised in the past are still being paid. The bill is part of a corporate welfare reform package consisting of Senate Bills 767 to 771 and House Bills 5458 to 5462.
Referred to the Committee on Economic and Small Business Development
