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MI HB5870
Bill
Status
6/18/2020
Primary Sponsor
Darrin Camilleri
Click for details
AI Summary
HB 5870 Summary
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Requires businesses receiving loans, grants, or other funding from the Michigan Strategic Fund to report annually on median employee salary, highest-paid employee salary, and the ratio between these two amounts.
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Fund must establish reporting requirements in a form and manner it determines, with reporting to begin October 1, 2020.
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Requires the Michigan Strategic Fund to publish all reported salary information on its website in a searchable format.
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Takes effect 90 days after enactment into law.
Legislative Description
Economic development: Michigan strategic fund; reporting requirements and public disclosure of certain salary information by entities receiving funding from the Michigan strategic fund; provide for. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 16.
State agencies (existing): treasury
Last Action
Bill Electronically Reproduced 06/18/2020
6/23/2020