Loading chat...
MI HB5652
Bill
Status
5/12/2016
Primary Sponsor
Wendell Byrd
Click for details
AI Summary
-
Amends the Michigan Strategic Fund Act to expand the definition of "port facilities" to include "other real or personal property necessary to enhance commercial maritime activities"
-
Defines "green chemistry" as chemistry and chemical engineering designed to reduce or eliminate hazardous substances while maintaining product quality, guided by 12 specific principles including waste prevention, safer chemical design, and energy efficiency
-
Clarifies that economic development projects may include retail sales portions when the fund insures transactions with depository institutions or makes loans to minority-owned businesses
-
Excludes housing and chapter 8A programs from the definition of economic development projects and projects eligible for fund support
Legislative Description
Economic development; Michigan strategic fund; definition of port projects; modify. Amends sec. 4 of 1984 PA 270 (MCL 125.2004).
State financing and management: funds
Last Action
Referred To Committee On Economic Development And International Investment
10/18/2016