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MI HB5626
Bill
Status
3/12/2020
Primary Sponsor
Jon Hoadley
Click for details
AI Summary
House Bill 5626 Summary
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Amends the Michigan Strategic Fund Act (1984 PA 270) by adding Section 15 to establish eligibility restrictions for state economic development funding.
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Prohibits businesses listed on the registry described in the Call Center Jobs Retention Act from receiving funds under the Strategic Fund Act, including loans, grants, and other project assistance, effective October 1, 2019.
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Takes effect 90 days after enactment into law.
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Contingent on enactment of either Senate Bill No. ____ or House Bill No. 5625 (request no. 00669'19) of the 100th Legislature.
Legislative Description
State financing and management; other; denial of certain state economic development incentives for business listed on the registry; provide for. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 15. TIE BAR WITH: HB 5625'19
State agencies (existing): licensing and regulatory affairs
Last Action
Referred To Committee On Commerce And Tourism
3/12/2020