2012 Senate Bill 1301: Let “port authorities” give corporation and developer subsidies

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Introduced by Sen. Mike Kowall (R) 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.
- Referred to the Senate Transportation Committee on September 20, 2012.

Comments

1) Re: 2012 Senate Bill 1301 (Expand borrow-and-spend “port authority” powers ) by inform4 on October 22, 2012
No more expansions of corporate welfare! This is an absolutely horrific bill that should wind-up in a deep black hole!

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2) Re: 2012 Senate Bill 1301 (Expand borrow-and-spend “port authority” powers ) by isabelleelise on October 17, 2012

Horrible! Where are the statemen in Lansing? This is pure Socialism sprinkled with Communism. Lansing sells out the taxpayers again.... Shame on them! These sponsors are not true Americans. This bill must not go forward.

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3) 2012 Senate Bill 1301 (Expand borrow-and-spend “port authority” powers ) by admin on October 17, 2012
Introduced in the Senate on September 20, 2012

Click here to view bill details.

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