Bill > HB5165

Introduced Session

AN ACT to amend 1984 PA 270, entitled ?An act relating to the economic development of this state; to create the Michigan strategic fund and to prescribe its powers and duties; to transfer and provide for the acquisition and succession to the rights, properties, obligations, and duties of the job development authority and the Michigan economic development authority to the Michigan strategic fund; to provide for the expenditure of proceeds in certain funds to which the Michigan strategic fund succeeds in ownership; to provide for the issuance of, and terms and conditions for, certain notes and bonds of the Michigan strategic fund; to create certain boards and funds; to create certain permanent funds; to exempt the property, income, and operation of the fund and its bonds and notes, and the interest thereon, from certain taxes; to provide for the creation of certain centers within and for the purposes of the Michigan strategic fund; to provide for the creation and funding of certain accounts for certain purposes; to impose certain powers and duties upon certain officials, departments, and authorities of this state; to make certain loans, grants, and investments; to provide penalties; to make an appropriation; and to repeal acts and parts of acts,? (MCL 125.2001 to 125.2094) by adding section 15.

AI Summary

Committee Categories

Amos O'Neal (D)*,  Abraham Aiyash (D),  Brenda Carter (D),  Alabas Farhat (D),  Kristian Grant (D),  Jim Haadsma (D),  Rachel Hood (D),  Jaz Martus (D),  Donavan McKinney (D),  Jason Morgan (D),  Cynthia Neeley (D),  Veronica Paiz (D),  Carrie Rheingans (D),  Helena Scott (D),  Penelope Tsernoglou (D),  Regina Weiss (D),  Karen Whitsett (D),  Jimmie Wilson (D),  Stephanie Young (D), 

Vetoed By The Governor 01/17/2025 (on 12/31/2024)

Official Document