2008 House Bill 6722 ↩

House Roll Call 938: Passed

To authorize $10 million in new government debt to pay for job training subsidies for particular employers. This would allow the state (the Michigan Strategic Fund) to borrow to pay for training a particular employer’s new hires. The principle and interest would be repaid by means of the state "capturing" a portion of the income tax that the particular employer withholds from the pay of new employees. In essence, the subsidy would be paid out of the state general fund.