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MI HB6015

Bill

Status

Introduced

4/14/2022

Primary Sponsor

Jack O'Malley

Click for details

Origin

House of Representatives

101st Legislature

AI Summary

  • 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

  • Replaces "shall" with "must" throughout section 9 for statutory consistency in describing fund reporting obligations

  • Adds definitions for "financial assistance" (grants, loans, economic assistance, and other incentives) and "meeting materials" (information provided to board members for monthly board meetings)

  • 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

  • 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

Committee Referrals

Government Operations4/14/2022

Full Bill Text

No bill text available