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MI SB0855

Bill

Official Source

Status

Introduced

5/1/2024

Primary Sponsor

Dan Lauwers

Click for details

Origin

Senate

102nd Legislature

AI Summary

  • Adds section 15 to the Michigan Strategic Fund Act (1984 PA 270) effective October 1, 2024
  • Prohibits the Michigan Strategic Fund from financing, supporting, or providing loans, grants, or other assistance to projects or entities that would violate the Company-Specific Subsidy Interstate Compact Act
  • Applies prohibition to economic development projects and any entity receiving funding from the Michigan Economic Development Corporation or the fund
  • Takes effect only if Senate Bill No. 854 of the 102nd Legislature is enacted into law

Legislative Description

State: interstate compacts and agreements; incentives to encourage companies to relocate from one state to another; prohibit. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 15. TIE BAR WITH: SB 0854'24

State: interstate compacts and agreements

Last Action

Referred To Committee On Economic And Community Development

5/1/2024

Committee Referrals

Economic And Community Development5/1/2024

Full Bill Text

No bill text available