2009 House Bill 5618 ↩

House Roll Call 486: Passed

To require state pension managers to "use their best efforts" to ensure that at least 5 percent of state pension funds get invested in Michigan businesses, with at least half of these located in one of eight so-called "cities of promise" (meaning eight decaying, economically declining urban-core cities). Reportedly this and similar bills are a priority of the Obama administration, and indirectly a way to direct more government money to minority-owned businesses.