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MI HB5132
Bill
Status
7/16/2014
Primary Sponsor
Harvey Santana
Click for details
AI Summary
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Amends the Public Economic Development Corporations Act to allow board members to be appointed in their capacity as public officials, whether appointed or elected.
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Establishes that a board member's term expires automatically upon expiration, resignation, or removal from their position as a public official.
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Allows municipalities with populations under 5,000 to use their planning commission as the economic development corporation board of directors by ordinance.
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Maintains requirement for board of at least 9 members with no more than 3 being municipal officers or employees, with staggered 6-year terms for subsequent appointments.
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Effective immediately upon filing with the Secretary of State on June 27, 2014.
Legislative Description
Economic development; economic development corporations; member of board; allow to be appointed to serve in his or her capacity as elected official, and establish that when member's service as elected official ends, the term on the board ends. Amends sec. 4 of 1974 PA 338 (MCL 125.1604).
Economic development, economic development corporations
Last Action
Assigned Pa 245'14 With Immediate Effect
7/16/2014