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MI HB6052

Bill

Status

Passed

12/31/2018

Primary Sponsor

Thomas Albert

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Origin

House of Representatives

99th Legislature

AI Summary

  • 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.

  • 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.

  • 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and administration of incentives, with recommendations on whether they should be retained, reconfigured, or repealed.

  • 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.

  • 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

Committee Referrals

Economic Development And International Investment11/8/2018
Financial Liability Reform5/22/2018

Full Bill Text

No bill text available