Checkmark
Legislation watch
House Roll Call 265 on
2012 House Bill 5477: Revise corporate subsidy program overhead cap

To increase from 15 percent to 25 percent a cap on the overhead expenses allowed for recipients under certain "Michigan Strategic Fund" corporate subsidy programs. Also, to require subsidy deals to contain more specific "claw-back" provisions requiring repayment of subsidies if specified job creation, commercialization, or other metrics are not met, details of which would be on the public record and subject to the Freedom of Information Act. Finally, the bill would authorize investments or loans of taxpayer dollars to "micro-enterprise lenders".

View the rest of House Bill 5477: History, Amendments & Comments 

facebook  twitter  View comments  Print-friendly version


IN FAVOR

HOUSE DEMOCRATS

HOUSE REPUBLICANS


AGAINST

HOUSE DEMOCRATS
none

HOUSE REPUBLICANS


HOUSE LEGISLATORS WHO DID NOT VOTE

HOUSE LEGISLATORS ORDERED BY NAME


House Roll Call 265 on 2012 House Bill 5477