2012 Senate Bill 929 / Public Act 145

Revise “21st Century Jobs Fund” business subsidy details

Introduced in the Senate

Feb. 7, 2012

Introduced by Sen. Mike Kowall (R-15)

To revise the procedures by which beneficiaries of the “<a href="http://www.michiganvotes.org/2005-HB-5047">21st Century Jobs Fund</a>” business subsidy program are selected, transferring authority from “independent experts” to political appointees on the Michigan Strategic Fund board. The bill would also reduce program reporting requirements; increase the amount certain grant recipients can spend for "overhead;" and make other changes.

Referred to the Committee on Economic Development

Feb. 9, 2012

Reported without amendment

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

Feb. 22, 2012

Substitute offered

The substitute passed by voice vote

Feb. 23, 2012

Passed in the Senate 35 to 2 (details)

Received in the House

Feb. 23, 2012

Referred to the Committee on Commerce

April 17, 2012

Reported without amendment

Without amendment and with the recommendation that the bill pass.

May 15, 2012

Passed in the House 97 to 11 (details)

To revise the procedures by which beneficiaries of the “<a href="http://www.michiganvotes.org/2005-HB-5047">21st Century Jobs Fund</a>” business subsidy program are selected, transferring authority from “independent experts” to political appointees on the Michigan Strategic Fund board. The bill would also reduce program reporting requirements; increase the amount certain grant recipients can spend for "overhead;" and make other changes.

Signed by Gov. Rick Snyder

May 30, 2012