Loading chat...
MI HB4482
Bill
Status
12/31/2014
Primary Sponsor
Frank Foster
Click for details
AI Summary
-
Amends the Michigan Strategic Fund Act to modify Section 7, which enumerates the fund's powers and duties related to economic development activities.
-
Adds new power (t) allowing the fund to appoint individuals, including strategic fund and MEDC employees, to boards to represent the fund's interests.
-
Adds new power (u) establishing a job training fund to support worker training for Michigan businesses as determined by the fund.
-
Adds new power (v) establishing a brownfield historic investment program to provide capital for projects as determined by the fund.
-
Repeals Section 89d of the Michigan Strategic Fund Act and takes effect only if House Bill 4480 is also enacted into law.
Legislative Description
Economic development; Michigan strategic fund; powers and duties; modify. Amends sec. 7 of 1984 PA 270 (MCL 125.2007).
State financing and management, funds
Last Action
Assigned Pa 454'14 With Immediate Effect 2014 Addenda
12/31/2014