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MI SB0839
Bill
AI Summary
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Increases the maximum number of governing bodies authorized to establish promise zones from 10 to 15 under the Michigan Promise Zone Act.
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Requires a governing body to hold a public hearing with notice published twice in newspapers and posted in at least 20 public places at least 20 days before the hearing.
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Requires the Department of Treasury to review applications and certify eligibility on a first-come, first-served basis, with a maximum of 15 governing bodies eligible to establish promise zones.
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Allows local school districts to elect not to participate in a promise zone established by their eligible entity and establish their own separate promise zone instead.
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Changes procedural language from "not less than" to "at least" and "not more than" to "within" for various notification and review timeframes.
Legislative Description
Higher education; financial aid; number of governing bodies authorized to establish promise zones; increase. Amends sec. 5 of 2008 PA 550 (MCL 390.1645).
State agencies (existing), treasury
Last Action
Reassigned To Committee On Economic Development
3/6/2014