2013 House Bill 4481 ↩

Senate Roll Call 827: Passed

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.