Introduced
by
To essentially eliminate various restrictions and requirements that apply to money spent by a “commercialization” component of the “<a href="http://www.michiganvotes.org/2005-HB-5047">21st Century Jobs Fund</a>” business subsidy program. The bill would transfer authority over this spending from “independent experts” on a “commercialization board” to political appointees on the Michigan Strategic Fund board. This and related bills would generally convert this from appearing to be a “rule-based” subsidy program governed by statutory prescriptions and restrictions into one in which the board have more discretion to give out the subsidies. See also 4480, which requires more disclosures on the cost and outcomes of these programs.
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.
Passed in the House 106 to 1 (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 essentially eliminate various restrictions and requirements that apply to money spent by a “commercialization” component of the “<a href="http://www.michiganvotes.org/2005-HB-5047">21st Century Jobs Fund</a>” business subsidy program. The bill would transfer authority over this spending from “independent experts” on a “commercialization board” to political appointees on the Michigan Strategic Fund board. This and related bills would generally convert this from appearing to be a “rule-based” subsidy program governed by statutory prescriptions and restrictions into one in which the board have more discretion to give out the subsidies. See also 4480, which requires more disclosures on the cost and outcomes of these programs.
