Bill Text: MI HB5086 | 2009-2010 | 95th Legislature | Engrossed
Bill Title: Economic development; renaissance zones; number of additional renaissance zones for agricultural processing facilities; increase. Amends sec. 8c of 1996 PA 376 (MCL 125.2688c).
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2009-08-26 - Referred To Committee Of The Whole [HB5086 Detail]
Download: Michigan-2009-HB5086-Engrossed.html
HB-5086, As Passed House, June 25, 2009
HOUSE BILL No. 5086
June 11, 2009, Introduced by Rep. Simpson and referred to the Committee on Agriculture.
A bill to amend 1996 PA 376, entitled
"Michigan renaissance zone act,"
by amending section 8c (MCL 125.2688c), as amended by 2006 PA 284.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 8c. (1) The board, upon recommendation of the board of
the Michigan strategic fund defined in section 4 of the Michigan
strategic fund act, 1984 PA 270, MCL 125.2004, and upon
recommendation of the commission of agriculture, may designate not
more
than 30 40 additional renaissance zones for agricultural
processing facilities within this state in 1 or more cities,
villages, or townships if that city, village, or township or
combination of cities, villages, or townships consents to the
creation of a renaissance zone for an agricultural processing
facility within their boundaries.
(2) Each renaissance zone designated for an agricultural
processing facility under this section shall be 1 continuous
distinct geographic area.
(3) The board may revoke the designation of all or a portion
of a renaissance zone for an agricultural processing facility if
the board determines that the agricultural processing facility does
1 or more of the following in a renaissance zone designated under
this section:
(a) Fails to commence operation.
(b) Ceases operation.
(c) Fails to commence construction or renovation within 1 year
from the date the renaissance zone for the agricultural processing
facility is designated.
(4)
Beginning on the date of the amendatory act that added
this
subsection July 10, 2006, the board shall consider all of the
following when designating a renaissance zone for an agricultural
processing facility:
(a) The economic impact on local suppliers who supply raw
materials, goods, and services to the agricultural processing
facility.
(b) The creation of jobs relative to the employment base of
the community rather than the static number of jobs created.
(c) The viability of the project.
(d) The economic impact on the community in which the
agricultural processing facility is located.
(e) All other things being equal, giving preference to a
business entity already located in this state.
(5)
Beginning on the date of the amendatory act that added
this
subsection July 10, 2006, the board shall do all of the
following:
(a) Require a development agreement between the Michigan
strategic fund and the agricultural processing facility.
(b) Designate not less than 3 of the renaissance zones for
agricultural processing facilities that have an initial capital
investment of less than $7,000,000.00.
(c) Designate not less than 5 of the renaissance zones for
agricultural processing facilities in rural areas.
(6) As used in this section, "development agreement" means a
written agreement between the Michigan strategic fund and the
agricultural processing facility that includes, but is not limited
to, all of the following:
(a) A requirement that the agricultural processing facility
comply with all state and local laws.
(b) A requirement that the agricultural processing facility
report annually to the Michigan strategic fund on all of the
following:
(i) The amount of capital investment made at the facility.
(ii) The number of individuals employed at the facility at the
beginning and end of the reporting period as well as the number of
individuals transferred to the facility from another facility owned
by the agricultural processing facility.
(iii) The percentage of raw materials purchased in this state.
(c) Any other conditions or requirements reasonably required
by the Michigan strategic fund.
