Loading chat...

MI HB5482

Bill

Official Source

Status

Introduced

3/15/2012

Primary Sponsor

David Agema

Click for details

Origin

House of Representatives

96th Legislature

AI Summary

  • Adds Section 15 to the Michigan Strategic Fund Act (1984 PA 270) requiring the fund to establish requirements ensuring recipients of loans, grants, or other project assistance are not state sponsors of terror linked businesses.

  • Defines ineligible recipients according to the Iran and other state sponsors of terror economic sanctions act.

  • Takes effect only if House Bill No. 5479 of the 96th Legislature is enacted into law.

Legislative Description

State financing and management; funds; strategic fund; subject to new Iran economic sanctions act. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 15. TIE BAR WITH: HB 5479'12

State financing and management, funds

Last Action

Referred To Committee On Banking And Financial Institutions

4/26/2012

Committee Referrals

Banking & Financial Institutions4/26/2012
Banking And Financial Services3/15/2012

Full Bill Text

No bill text available