Bill Text: MI HB4972 | 2021-2022 | 101st Legislature | Introduced

Michigan House Bill 4972 (Prior Session Legislation)

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

June 08, 2021, Introduced by Reps. Rabhi, Steven Johnson, Reilly, Fink, Beeler, Carra, Hornberger, Bellino, Paquette, Maddock, Hoitenga, Eisen, Yaroch, Aiyash, Sowerby, Thanedar, Howell, Weiss, Pohutsky, Steckloff and Cynthia Johnson and referred to the Committee on Commerce and Tourism.

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.