2011 House Bill 5173

Use state trust funds to back certain small businesses loans

Introduced in the House

Nov. 10, 2011

Introduced by Rep. Rashida Tlaib (D-12)

To include credit unions in the scheme proposed by House Bill 5168 to use money in the Michigan Natural Resources Trust Fund and other state trust funds to back loans to small businesses that have been denied loans by commercial lenders, and which have been selected to receive certain other government “economic development” benefits.

Referred to the Committee on Banking and Financial Services