Bill Text: MI HB4972 | 2021-2022 | 101st Legislature | Introduced
Bill Title: State: interstate compacts and agreements; incentives to encourage companies to relocate from one state to another; prohibit. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 15. TIE BAR WITH: HB 4971'21
Spectrum: Slight Partisan Bill (Republican 13-8)
Status: (Introduced - Dead) 2021-06-15 - Referred To Committee On Government Operations [HB4972 Detail]
Download: Michigan-2021-HB4972-Introduced.html
HOUSE BILL NO. 4972
A bill to amend 1984 PA 270, entitled
"Michigan strategic fund act,"
(MCL 125.2001 to 125.2094) by adding section 15.
the people of the state of michigan enact:
Sec. 15. Beginning October 1, 2021, notwithstanding any other provision of this act, the fund shall not finance or otherwise support a project or an economic development project, or provide a loan, grant, or other assistance to any entity, if that project, economic development project, or entity receiving any funding from the Michigan economic development corporation or the fund would be a violation of the company-specific subsidy interstate compact act.
Enacting section 1. This amendatory act does not take effect unless Senate Bill No.____ or House Bill No. 4971 (request no. 02500'21) of the 101st Legislature is enacted into law.
