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MI HB6015
Bill
Status
4/14/2022
Primary Sponsor
Jack O'Malley
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AI Summary
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Requires the Michigan Strategic Fund to post all board meeting materials on its website within 1 business day of the board meeting, subject to confidentiality exemptions under section 5
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Replaces "shall" with "must" throughout section 9 for statutory consistency in describing fund reporting obligations
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Adds definitions for "financial assistance" (grants, loans, economic assistance, and other incentives) and "meeting materials" (information provided to board members for monthly board meetings)
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Maintains existing annual reporting requirements to legislature by April 10 covering fund activities, entities receiving assistance, job creation/retention data, loan status, bankruptcy notices, and administrative costs
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Applies confidentiality protections to publicly posted meeting materials consistent with existing section 5 exemptions
Legislative Description
Economic development: Michigan strategic fund; board meeting materials; require Michigan strategic fund to post on website within 1 business day. Amends sec. 9 of 1984 PA 270 (MCL 125.2009).
Economic development: Michigan strategic fund
Last Action
Bill Electronically Reproduced 04/26/2022
4/26/2022