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2012 Senate Bill 1108: Revise government "economic development" program detail
Public Act 358 of 2012
Introduced by Sen. Darwin Booher R-Evart on May 1, 2012
To revise details of the authorization of a Business and Industrial Development Corporation (BIDCO), which is a private entity used by government economic development programs to distribute various corporate subsidies. Official Text and Analysis.
Referred to the Senate Banking and Financial Institutions Committee on May 1, 2012
Reported in the Senate on May 22, 2012
With the recommendation that the bill pass.
Amendment offered in the Senate on May 30, 2012
To establish that a "BIDCO" must be in the business of funnelling state or private money into firms with less than 750 employees.
The amendment passed by voice vote in the Senate on May 30, 2012
Received in the House on May 31, 2012
Referred to the House Banking and Financial Services Committee on May 31, 2012
Reported in the House on September 19, 2012
Without amendment and with the recommendation that the bill pass.
Signed by Gov. Rick Snyder on December 12, 2012