Checkmark
Legislation watch
     

Search all years.

2021 Senate Bill 769: Create new corporate subsidy program

Public Act 137 of 2021

Introduced by Sen. Kim LaSata (R) on December 2, 2021
To create a segregated “strategic outreach and attraction reserve fund” (account) in the Department of Labor and Economic Opportunity, and use the money for grants and loans to create “investment-ready sites” for the benefit of particular companies and developers.   Official Text and Analysis.
Referred to the Senate Government Operations Committee on December 2, 2021
Received in the House on December 14, 2021
Amendment offered by Rep. Jack O'Malley (R) on December 14, 2021
To replace the previous version of the bill with one that revises details but does not change the substance as previously described.
The amendment passed by voice vote in the House on December 14, 2021
To create a segregated “strategic outreach and attraction reserve fund” (account) in the Department of Labor and Economic Opportunity, and use the money to give subsidies to businesses said to create “investment-ready sites” for the benefit of particular companies and developers. See also Senate Bill 769 and House Bill 5603, which authorize other pieces of the scheme, and Senate Bill 85, which authorizes spending $1 billion in state revenue to pay for it all.
Received in the Senate on December 14, 2021
Moved to reconsider by Sen. Dan Lauwers (R) on December 14, 2021
The vote by which the bill was passed.
The motion passed by voice vote in the Senate on December 14, 2021
Received in the Senate on December 14, 2021
Signed by Gov. Gretchen Whitmer on December 20, 2021

Comments