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2012 Senate Bill 1301: Let “port authorities” give corporation and developer subsidies
Introduced by Sen. Mike Kowall R-White Lake on September 20, 2012
To revise the mission of “port authorities” that local governments may establish, so as to specifically include “economic development” activities such as providing direct or indirect subsidies to particular corporations or developers selected by the political appointees on the authority’s board. The bill would also revise many other details and powers of these entities, which under current law have the power to incur debt and spend the borrowed money for a broad range of purposes. It is cosponsored by Republicans Casperson, Nofs, Colbeck and Green, and Democrat Virgil Smith.   Official Text and Analysis.
Referred to the Senate Transportation Committee on September 20, 2012