Introduced
by
To expand the activities for which the Michigan Strategic Fund may give a loan or grant to a particular corporation or developer selected by the political appointees on its board; lower the threshold for beneficiaries actually collecting promised benefits to something less than completion of a specified project; expand the ability of a beneficiary to sell or assign these benefits to another interest; and revise other details of this government “economic development” program.
Referred to the Committee on Commerce
Reported without amendment
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Passed in the House 95 to 10 (details)
Referred to the Committee on Economic Development
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 37 to 0 (details)
To expand the activities for which the Michigan Strategic Fund may give a loan or grant to a particular corporation or developer selected by the political appointees on its board; lower the threshold for beneficiaries actually collecting promised benefits to something less than completion of a specified project; expand the ability of a beneficiary to sell or assign these benefits to another interest; and revise other details of this government “economic development” program.
