SB 0491
Appropriations: supplemental; economic development incentive evaluations for SOAR projects; require. Amends secs. 3, 5 & 7 of 2018 PA 540 (MCL 18.1753 et seq.) & adds sec. 7a.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill requires the Michigan Department of Technology, Management, and Budget to periodically evaluate economic development incentives, particularly those funded through the Strategic Outreach and Attraction Reserve (SOAR) fund. It mandates that contractors be hired to conduct these evaluations, following a schedule based on funding amounts and program type. The bill also establishes a multi-year schedule for all economic development incentives, ensuring regular reviews and updates, and protects sensitive data related to incentive recipients.
Sponsors
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Primary sponsor
Thomas A. Albert
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