2021 Senate Bill 769 / Public Act 137

Create new corporate subsidy program

Introduced in the Senate

Dec. 2, 2021

Introduced by Sen. Kim LaSata (R-21)

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.

Referred to the Committee on Government Operations

Dec. 9, 2021

Passed in the Senate 27 to 10 (details)

Received in the House

Dec. 14, 2021

Amendment offered by Rep. Jack O’Malley (R-101)

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

Passed in the House 81 to 22 (details)

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

Dec. 14, 2021

Passed in the Senate 24 to 12 (details)

Motion to reconsider by Sen. Dan Lauwers (R-25)

The vote by which the bill was passed.

The motion passed by voice vote

Received

Passed in the Senate 25 to 11 (details)

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.

Signed by Gov. Gretchen Whitmer

Dec. 20, 2021