Introduced
by
To prohibit the state from pledging any more future tax revenue to guarantee investor returns under an "early stage venture capital investment" program authorized by a 2003 law. The bill would not affect several other government "venture capital" schemes however, including a "Venture Capital Development" program under the Granholm-era "21st Century Jobs Fund" rubric, a "Venture Match Fund," a "Venture Development Fund," an “Accelerator Fund,” past grants to a "Venture Capital Association" and more.
Referred to the Committee on Commerce and Trade
Reported without amendment
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Passed in the House 107 to 3 (details)
Referred to the Committee on Economic Development
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Passed in the Senate 36 to 0 (details)
To prohibit the state from pledging any more future tax revenue to guarantee investor returns under an "early stage venture capital investment" scheme authorized by a 2003 law. The bill would not affect several other government "venture capital" schemes however, including a "Venture Capital Development" program under the Granholm-era "21st Century Jobs Fund" rubric, a "Venture Match Fund," a "Venture Development Fund," an “Accelerator Fund,” past grants to a "Venture Capital Association" and more.
Passed in the House 101 to 6 (details)
To concur with the Senate-passed version of the bill.
