HOUSE BILL NO. 5622

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, 2022, the fund shall establish requirements to ensure that any recipient of funds, including a loan, a grant, or funding or other assistance for a project, submits to and tests negative for substance abuse under a substance abuse testing program prescribed by the fund, meets the workforce engagement requirements described in section 107b of the social welfare act, 1939 PA 280, MCL 400.107b, and meets the same asset test for eligibility as described in section 10d of the social welfare act, 1939 PA 280, MCL 400.10d. As used in this section, "any recipient of funds" includes, if the recipient is not an individual, all of the following:

(a) For a corporation, the president and the chief executive officer, and each managerial employee who directly reports to the president or chief executive officer.

(b) For a partnership, all partners and each managerial employee who directly reports to a partner.

(c) For a limited partnership, the general and limited partners and each managerial employee who directly reports to a general or limited partner.

(d) For a limited liability company, all members and each managerial employee who directly reports to a member.