Introduced
by
To establish that all revenue received by the “Michigan Strategic Fund” is considered public money and may only be disbursed as authorized by an appropriations bill enacted by the legislature. Currently, the political appointees on the board of this entity and its “Michigan Economic Development Corporation” subsidiary may grant selective tax breaks and subsidies to particular corporations and developers they select. A portion of the money for this comes directly from Indian casino revenue that does not pass through the state Treasury and therefore requires no appropriation approved by the legislature.
Referred to the Committee on Appropriations
