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MI HB6052
Bill
Status
12/31/2018
Primary Sponsor
Thomas Albert
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AI Summary
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Establishes the "Economic Development Incentive Evaluation Act" requiring the Department of Technology, Management, and Budget to contract with evaluators to periodically assess Michigan's economic development incentives.
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Mandates evaluations at least every 6 years for incentives funded with $15 million or less annually, and at least every 4 years for larger programs, with evaluations completed within 270 days and reported to legislative appropriations committees within 30 days.
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Requires evaluations to assess the history, goals, economic and fiscal impact, effectiveness, and administration of incentives, with recommendations on whether they should be retained, reconfigured, or repealed.
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Directs the department to develop a multiyear schedule by February 28, 2019 listing all economic development incentives and their evaluation timelines, updated annually and published on the department's website.
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Provides that recipients of incentives, the Michigan Strategic Fund, and relevant agencies receive 30-day advance notice of evaluations and may issue responses before public release.
Legislative Description
Economic development; other; economic development incentive evaluation act; create. Creates new act.
Economic development: other
Last Action
Assigned Pa 540'18 With Immediate Effect
12/31/2018