Introduced
by
To set at $2.5 billion the amount of state revenue that may set aside in a state “strategic outreach and attraction reserve fund” created in connection with very large corporate subsidies given to General Motors and potentially other favored corporations and developers authorized by a <a href=" https://www.michiganvotes.org/2021-SB-769">a 2021 law</a>. Year-end balances that exceed this amount would be transferred to the state general fund.
Referred to the Committee on Economic and Small Business Development
Reported without amendment
With the recommendation that the bill pass.
