An act to amend 1984 PA 270, entitled “An act relating to the economic development of this state; to create the Michigan strategic fund and to prescribe its powers and duties; to transfer and provide for the acquisition and succession to the rights, properties, obligations, and duties of the job development authority and the Michigan economic development authority to the Michigan strategic fund; to provide for the expenditure of proceeds in certain funds to which the Michigan strategic fund succeeds in ownership; to provide for the issuance of, and terms and conditions for, certain notes and bonds of the Michigan strategic fund; to create certain boards and funds; to create certain permanent funds; to exempt the property, income, and operation of the fund and its bonds and notes, and the interest thereon, from certain taxes; to provide for the creation of certain centers within and for the purposes of the Michigan strategic fund; to provide for the creation and funding of certain accounts for certain purposes; to impose certain powers and duties upon certain officials, departments, and authorities of this state; to make certain loans, grants, and investments; to provide penalties; to make an appropriation; and to repeal acts and parts of acts,” by amending section 5 (MCL 125.2005), as amended by 2014 PA 507.
House Bill 4219 would amend the Michigan Strategic Fund Act to allow the minority leaders from both chambers of the state legislature to each appoint one member to the Michigan Strategic Fund (MSF) Board of Directors.
Introduced
by
Referred to the Committee on Economic Development and Small Business
Reported without amendment
Passed in the House 93 to 10 (details)
Motion to give immediate effect
by
The motion prevailed by voice vote
Referred to the Committee of the Whole
Reported without amendment
Passed in the Senate 29 to 9 (details)
Motion to give immediate effect
by
The motion prevailed by voice vote
