Introduced by Sen. Mike Kowall R-White Lake on July 18, 2012
To create a state fund to provide cash grant and loan "brownfield" subsidies to developers, with money coming from state education tax revenue "captured" by local brownfields tax increment finance authorities. The bill would also authorize “brownfields” subsidies for a developer whose project is deemed to involve a “historic resource," and revise various procedures and requirements related to this subsidy program. Official Text and Analysis.
Referred to the Senate Economic Development Committee on July 18, 2012
Reported in the Senate on September 11, 2012
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered in the Senate on September 27, 2012
The substitute passed by voice vote in the Senate on September 27, 2012
To create a state fund to provide cash grant and loan "brownfield" subsidies to developers, with money coming from state education tax revenue "captured" by local brownfields tax increment finance authorities. The bill would also authorize “brownfields” subsidies for parking lots and for developers whose projects are deemed to involve a “historic resource," and revise various procedures and requirements related to this subsidy program.
Received in the House on September 27, 2012
Referred to the House Commerce Committee on September 27, 2012
Reported in the House on December 4, 2012
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered in the House on December 11, 2012
To adopt a version of the bill that authorizes yet more taxpayer subsidies for yet more particular deveolopers.
The substitute passed by voice vote in the House on December 11, 2012
Amendment offered by Rep. Pete Lund R-Shelby Twp. on December 11, 2012
To clarify the criteria by which taxpayer subsidies were previously authorized for a particular.
The amendment passed by voice vote in the House on December 11, 2012
To create a state fund to provide cash grant and loan "brownfield" subsidies to developers, with money coming from state education tax revenue "captured" by local brownfields tax increment finance authorities. The bill would also authorize “brownfields” subsidies for a particular deveoper's parking lot project, for other developers whose projects are deemed to involve a “historic resource," and yet others for whom legislators have crafted generic descriptions of projects that avoid identifying which special developer is getting the subsides.