Public Act 502 of 2012

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• Introduced by Sen. Mike Kowall (R) 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.
  • 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.
• Passed 31 to 7 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.
  Who Voted "Yes" and Who Voted "No"
• 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) 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.
• Passed 99 to 10 in the House on December 12, 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.
  Who Voted "Yes" and Who Voted "No"
• Received in the Senate on December 13, 2012.
• Passed 32 to 6 in the Senate on December 13, 2012, to concur with the House-passed version of the bill.
  Who Voted "Yes" and Who Voted "No"
• Signed by Gov. Rick Snyder on December 28, 2012.