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Senate Roll Call 466 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 

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IN FAVOR

SENATE DEMOCRATS

SENATE REPUBLICANS


AGAINST

SENATE DEMOCRATS
none

SENATE REPUBLICANS


SENATE LEGISLATORS WHO DID NOT VOTE

SENATE LEGISLATORS ORDERED BY NAME


Senate Roll Call 466 on 2012 House Bill 5477