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MI HB5165
Bill
Status
12/31/2024
Primary Sponsor
Amos O'Neal
Click for details
AI Summary
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Amends the Michigan Strategic Fund Act (1984 PA 270) by adding Section 15 to require clawback provisions in written agreements with fund recipients.
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Effective April 1, 2025, requires the fund to include default and clawback provisions for any recipient of loans, grants, or other assistance if the recipient appears on the registry described in the Call Center Jobs Retention Act during the agreement term.
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Takes effect 90 days after enactment into law.
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Conditional on passage of House Bill No. 5164 of the 102nd Legislature.
Legislative Description
State management: other; denial of certain state economic development incentives for businesses listed on the registry; provide for. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 15.
State management: funds
Last Action
Vetoed By The Governor 01/17/2025
12/31/2024