2011 Senate Bill 567 / Public Act 252

Create another corporate subsidy program

Introduced in the Senate

July 13, 2011

Introduced by Sen. Mike Kowall (R-15)

To authorize cash subsidies of up to $10 million for firms selected by political appointees on the board of the state government's “Michigan Strategic Fund,” who would have extensive discretion to hand out these cash subsidies and subsidized loans to particular firms. This “Michigan Community Revitalization Program” would essentially replace subsidies provided through the Michigan Economic Growth Authority (MEGA), and also ones handed out under "brownfields" statutes, which were "open-ended," whereas this program will hand out around $100 million annually (that's the amount appropriated this year).

Referred to the Committee on Economic Development

Sept. 15, 2011

Reported without amendment

With the recommendation that the substitute (S-2) be adopted and that the bill then pass.

Substitute offered

To replace the previous version of the bill with one that revises details but does not change the substance as previously described.

The substitute passed by voice vote

Sept. 20, 2011

Passed in the Senate 35 to 1 (details)

Received in the House

Sept. 20, 2011

Referred to the Committee on Commerce

Nov. 2, 2011

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

Nov. 29, 2011

Substitute offered

To replace the previous version of the bill with one that revises details; this was superseded by a different substitute.

The substitute passed by voice vote

Substitute offered by Rep. Wayne Schmidt (R-104)

To replace the previous version of the bill with one that gives somewhat less discretion to the Michigan Strategic Fund board regarding which firms gan get the proposed subsidies; requires more transparency and reporting on the performance of the firms getting the subsidies; and limits the number of $10 million subsidies to three per year, plus up to five firms getting $1 million subsidies.

The substitute passed by voice vote

Nov. 30, 2011

Passed in the House 95 to 11 (details)

To authorize cash subsidies of up to $10 million for firms selected by political appointees on the board of the state government's “Michigan Strategic Fund,” who would have extensive discretion to hand out these cash subsidies and subsidized loans to particular firms. This “Michigan Community Revitalization Program” would essentially replace subsidies provided through the Michigan Economic Growth Authority (MEGA), and also ones handed out under "brownfields" statutes, which were "open-ended," whereas this program will hand out around $100 million annually (that's the amount appropriated this year).

Received in the Senate

Dec. 1, 2011

Dec. 6, 2011

Passed in the Senate 34 to 1 (details)

To concur with the House-passed version of the bill.

Signed by Gov. Rick Snyder

Dec. 13, 2011