reglab/statecodes huggingface dataset:
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 398 of 2008 - Commission for Logistics and Supply Chain Collaboration Act (125.1891 - 125.1894) › Section 125.1893 - Commission for Logistics and Supply Chain Collaboration; Creation; Purpose; Membership; Compensation.

125.1893 Commission for logistics and supply chain collaboration; creation; purpose; membership; compensation.
Sec. 3.
(1) The commission for logistics and supply chain collaboration is created within the Michigan strategic fund under the Michigan strategic fund act, 1984 PA 270, MCL 125.2001 to 125.2094.
(2) The commission shall create a road map for attracting, supporting, marketing, and growing the international trade, supply chain, and logistics industries by advising on the development and coordination of state transportation and economic development policies. Based upon an inventory of industry needs and state strengths and an economic multiplier impact analysis, the commission shall study and design programs to provide incentives and otherwise support these growth industries through workforce development, business development, recruitment, marketing, and other activities.
(3) The commission shall be made up of the following members:
(a) The president of the Michigan strategic fund or his or her designee.
(b) The director of the state transportation department or his or her designee.
(c) The director of the department of agricultural and rural development or his or her designee.
(d) One individual who is a resident of this state and who has education in, experience with, or knowledge of supply chain management and logistics, including, but not limited to, individuals representing commerce, transportation, border operators, warehousing, local economic development agencies, and institutions of higher learning, appointed by the governor from a list of 4 or more individuals selected by the senate majority leader.
(e) One individual who is a resident of this state and who has education in, experience with, or knowledge of supply chain management and logistics, including, but not limited to, individuals representing commerce, transportation, border operators, warehousing, local economic development agencies, and institutions of higher learning, appointed by the governor from a list of 4 or more individuals selected by the speaker of the house of representatives.
(f) Five individuals appointed by the governor who have education in, experience with, or knowledge of supply chain management and logistics, including, but not limited to, individuals representing commerce, transportation, border operators, warehousing, local economic development agencies, and institutions of higher learning.
(4) A member of the commission shall not receive compensation for services as a member of the commission, but the commission may reimburse each member of the commission for expenses necessarily incurred in the performance of his or her duties.
History:
2008, Act 398, Imd. Eff. Jan. 6, 2009 ;-- Am. 2013, Act 76, Imd. Eff. June 25, 2013
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 398 of 2008 - Commission for Logistics and Supply Chain Collaboration Act (125.1891 - 125.1894) › Section 125.1894 - Commission; Powers and Duties; Use of Funds; "Administrative Costs" Defined; Report.

125.1894 Commission; powers and duties; use of funds; "administrative costs" defined; report.
Sec. 4.
(1) The commission shall have and exercise all of the following powers and duties:
(a) Advise appropriate state agencies on methods, proposals, programs, and initiatives involving freight transportation and supply chain management in this state that may stimulate state economies and provide additional employment opportunities for this state.
(b) Create avenues of communication between this state and Ontario and the federal government of Canada, as well as other state, regional, and local governments, concerning economic development, trade and commerce, transportation, and industrial affairs concerning supply chain management.
(c) Survey and audit how other states have used supply chain management capabilities to attract industry.
(d) Determine which industries in this state would benefit from supply chain coordination.
(e) Develop strategies to address all the following:
(i) Mechanisms to attract long-term capital investment.
(ii) How to improve access to credit or financing resources.
(iii) How to improve workforce training and retraining support to maximize productivity.
(iv) Expediting regulatory oversight to facilitate expansion and new investment.
(v) Reducing regulatory burden.
(vi) Developing growth strategy for targeted industries.
(vii) How to prioritize and coordinate investment in transportation infrastructure of this state.
(viii) Collaborating and sharing information between the private sector and public sectors on freight and supply chain issues.
(f) Develop integrated state strategy regarding policy to global supply chain operations.
(2) Except to cover costs associated with section 3(4) and for administrative costs incurred by the commission, state funds shall not be used to fund the operations of the commission. State funds used to cover costs associated with section 3(4) and administrative costs shall not exceed $5,000.00 per fiscal year. As used in this subsection, "administrative costs" mean costs associated with the business of the commission, including, but not limited to, preparing documents for meetings, maintaining records, and scheduling commission meetings.
(3) Not later than March 1, 2014 and each year thereafter, the Michigan strategic fund created under the Michigan strategic fund act, 1984 PA 270, MCL 125.2001 to 125.2094, shall report to each house of the legislature and the fiscal agencies on the amount of administrative costs expended by the commission in the immediately preceding fiscal year.
History:
2008, Act 398, Imd. Eff. Jan. 6, 2009 ;-- Am. 2013, Act 76, Imd. Eff. June 25, 2013
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Repealed - Act 70 of 1982 - Economic Development (125.1901 - 125.1934)

ECONOMIC DEVELOPMENT
Act 70 of 1982
125.1901-125.1934 Repealed. 1984, Act 270, Eff. Sept. 26, 1985.
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 175 of 1982 - State Research Fund (125.1951 - 125.1956) › Section 125.1951 - Legislative Finding and Declaration.

125.1951 Legislative finding and declaration.
Sec. 1.
The legislature hereby finds and declares:
(a) That there is a statewide pressing need for programs to alleviate and prevent conditions of unemployment; to preserve existing jobs and create new jobs to meet the employment demands of population growth; to promote the development of business enterprises and to meet the growing competition for business enterprises; to revitalize and diversify the Michigan economy in general and achieve the goals of economic growth and full employment; and to encourage and develop close relationships between the research and development resources of Michigan colleges and universities and the business enterprises in Michigan.
(b) That, for the preservation and betterment of the health, safety, and general welfare of the people of Michigan, it is necessary to promote and develop new and diversified technology based industries.
(c) That the goals of full employment and maximum economic growth can best be provided by the stimulation of innovative research.
History:
1982, Act 175, Imd. Eff. June 6, 1982
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 175 of 1982 - State Research Fund (125.1951 - 125.1956) › Section 125.1952 - State Research Fund; Creation; Public Notice; Grants for Specific Projects; Evaluation Criteria for Proposed Project; Allocation of Amount Appropriated; Priority for Proposals.

125.1952 State research fund; creation; public notice; grants for specific projects; evaluation criteria for proposed project; allocation of amount appropriated; priority for proposals.
Sec. 2.
(1) The state research fund is hereby created. The department of labor and economic growth shall give public notice of the existence of the fund, the fund's objectives, and requirements for participation in the fund. From the amounts received by the fund, the department of labor and economic growth shall make grants for specific projects that are either proposed by Michigan colleges and universities in cooperation with a business or other private entity, or that are proposed by a business or other private entity, that is either a profit or nonprofit entity and that is doing business in Michigan. The department of labor and economic growth shall evaluate a proposed project according to whether it meets 1 or more of the following criteria:
(a) The project applies technological discoveries to new applications.
(b) The project provides a tangible, direct benefit for the economy of the state.
(c) The project is of interest to 1 or more of the following:
(i) The college or university.
(ii) The business or other private entity.
(d) The project is of general interest to an entire industrial field.
(e) The project contributes directly or indirectly to the development of additional products or processes.
(f) The applicant demonstrates the capability to implement the proposed project.
(g) The project meets any other criteria prescribed by the director of the department of labor and economic growth.
(2) Not more than 35% of the amount appropriated to the fund shall be allocated to any 1 college or university. Priority for proposed projects in subsection (1) shall be given to those projects that are submitted by a Michigan college or university in cooperation with a business or private entity, that do not require continuing grants, and that have prospects of receiving necessary financial assistance from other sources in the future.
(3) If a proposed project complies with subsection (1), the director of the department of labor and economic growth shall determine the amount and priority of the grant and release the grant to the college or university or the business or private entity named in the proposed project in accordance with the accounting laws of the state.
History:
1982, Act 175, Imd. Eff. June 6, 1982 ;-- Am. 2006, Act 229, Imd. Eff. June 26, 2006
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 175 of 1982 - State Research Fund (125.1951 - 125.1956) › Section 125.1953 - Rules; Annual Report.

125.1953 Rules; annual report.
Sec. 3.
(1) The department of commerce shall promulgate rules to implement and administer this act pursuant to Act No. 306 of the Public Acts of 1969, as amended, being sections 24.201 to 24.315 of the Michigan Compiled Laws. The rules shall include special oversight provisions for those grants not provided in cooperation with a state institution of higher education.
(2) The department of commerce shall submit an annual report within 60 days after the end of the fiscal year to the legislature with copies to the appropriations committees of the senate and house of representatives describing each grant released under the state research fund. The annual report shall specify suggestions for targeting new commercialized ventures initially assisted by the state research fund into areas of high unemployment and in distressed communities within Michigan.
History:
1982, Act 175, Imd. Eff. June 6, 1982
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 175 of 1982 - State Research Fund (125.1951 - 125.1956) › Section 125.1954 - Exemption of Proprietary Information on Proposal From Disclosure Under Freedom of Information Act.

125.1954 Exemption of proprietary information on proposal from disclosure under freedom of information act.
Sec. 4.
(1) Proprietary information on a proposal submitted under this act shall be exempt from disclosure under the freedom of information act, Act No. 442 of the Public Acts of 1976, as amended, being sections 15.231 to 15.246 of the Michigan Compiled Laws. The entities submitting a proposal under this act shall indicate that information on the proposal which they consider to be proprietary information.
(2) The department shall not disclose proprietary information on a proposal without the consent of the entities submitting the proposal.
History:
1982, Act 175, Imd. Eff. June 6, 1982
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 175 of 1982 - State Research Fund (125.1951 - 125.1956) › Section 125.1955 - Transfer of Sum From Technology Based Innovation and Development Fund Appropriation to Department of Commerce; Establishment of State Research Fund.

125.1955 Transfer of sum from technology based innovation and development fund appropriation to department of commerce; establishment of state research fund.
Sec. 5.
The sum of $990,000.00 from the appropriation made for the technology based innovation and development fund by Act No. 30 of the Public Acts of 1981 to the department of management and budget for the fiscal year ending September 30, 1982, is hereby transferred from the department of management and budget to the department of commerce to establish the state research fund.
History:
1982, Act 175, Imd. Eff. June 6, 1982
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 175 of 1982 - State Research Fund (125.1951 - 125.1956) › Section 125.1956 - Repeal of Section 73 of p.a. 1981, No. 30.

125.1956 Repeal of section 73 of P.A. 1981, No. 30.
Sec. 6.
Section 73 of Act No. 30 of the Public Acts of 1981 is repealed.
History:
1982, Act 175, Imd. Eff. June 6, 1982
Compiler's Notes:
Section 73 of Act 30 of 1981 provided for the creation of a technology-based innovation and development fund.
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 317 of 2006 - Michigan Strategic Fund Centers (125.1971 - 125.1972) › Section 125.1971 - Repealed. 2010, Act 337, Imd. Eff. Dec. 21, 2010.

125.1971 Repealed. 2010, Act 337, Imd. Eff. Dec. 21, 2010.
Compiler's Notes:
The repealed section pertained to definitions.
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-1 - Chapter 1 (125.2001...125.2014) › Section 125.2002 - Purposes of Act.

125.2002 Purposes of act.
Sec. 2.
It is hereby declared to be the purposes of this act and of the Michigan strategic fund created by this act to help diversify the economy of this state, to promote economic stability and growth, to develop and expand existing and alternative sources of energy and the conservation of energy, to assist business enterprise in obtaining additional sources of financing to aid this state in achieving the goal of long-term economic growth and full employment, to meet the growing competition for business enterprises, to preserve existing jobs, to create new jobs, to reduce the cost of business and production, to foster export activity, to alleviate and prevent unemployment through the retention, promotion, and development of agriculture and agricultural facilities, forestry and forestry facilities, commerce and commercial facilities, export markets and export activities, industry and industrial buildings and facilities, including the sites for these, and agricultural, forestry, commercial, and industrial machinery and equipment, water and air pollution control equipment, and solid waste disposal facilities with respect thereto or for use by individuals for private sector employment, to make loans to the Special Purpose FWC Settlement Entity, which will in turn use the loan proceeds only to pay the expenses, costs, and fees associated with the Special Purpose FWC Settlement Entity, to reimburse this state for its initial $5,000,000.00 payment to the FWC Qualified Settlement Fund, and to pay to the FWC Qualified Settlement Fund the settlement amount agreed to by this state in the settlement agreement and related preliminary approval orders, any amendments to those orders, or the subsequent final approval orders that will be entered by the court in the consolidated cases known as In re Flint Water Cases, No. 5:16-cv-10444-JEL-MKM (ED Mich), so as to assist in alleviating health issues of Michigan citizens and to ensure continued state fiscal stability and credit worthiness, and to otherwise assist in the achievement of the solution to the problems and objectives described in section 1.
History:
1984, Act 270, Eff. Mar. 29, 1985 ;-- Am. 2020, Act 358, Imd. Eff. Dec. 30, 2020
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-1 - Chapter 1 (125.2001...125.2014) › Section 125.2003 - Short Title.

125.2003 Short title.
Sec. 3.
This act shall be known and may be cited as the "Michigan strategic fund act".
History:
1984, Act 270, Eff. Mar. 29, 1985
Compiler's Notes:
For transfer of the Michigan strategic fund, and its powers and duties, to the Michigan jobs commission, see E.R.O. No. 1994-10, compiled at MCL 408.48 of the Michigan Compiled Laws.
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-1 - Chapter 1 (125.2001...125.2014) › Section 125.2007a - Compliance With Divestment From Terror Act.

125.2007a Compliance with divestment from terror act.
Sec. 7a.
The board shall comply with the divestment from terror act, 2008 PA 234, MCL 129.291 to 129.301, in making investments under this act.
History:
Add. 2008, Act 272, Imd. Eff. Sept. 29, 2008
Compiler's Notes:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-1 - Chapter 1 (125.2001...125.2014) › Section 125.2007b - Advisory Committee; Projects Relating to Port Facilities; Recommendations.

125.2007b Advisory committee; projects relating to port facilities; recommendations.
Sec. 7b.
(1) The governor shall establish and appoint an advisory committee to make recommendations to the board regarding projects relating to port facilities.
(2) The advisory board described in subsection (1) shall contain 9 members appointed by the governor as follows:
(a) Five members representing the interests of the following geographical areas of this state as determined by the governor:
(i) The Upper Peninsula of this state.
(ii) The southwest area of this state.
(iii) The northern Lower Peninsula of this state.
(iv) The southeast area of this state.
(v) The thumb area or midstate area of this state.
(b) One member representing the interests of the agricultural business supply and handling industry.
(c) One member representing the interests of the aggregate supply community.
(d) One member appointed from 2 or more nominees of the majority leader of the senate.
(e) One member appointed from 2 or more nominees of the speaker of the house of representatives.
(3) All of the individuals appointed to the advisory board described under subsection (2) shall be knowledgeable about port facilities or economic development as determined by the governor and shall serve at the pleasure of the governor.
History:
Add. 2014, Act 507, Imd. Eff. Jan. 14, 2015
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-1 - Chapter 1 (125.2001...125.2014) › Section 125.2008 - Evaluation Procedures; Priorities; Targets.

125.2008 Evaluation procedures; priorities; targets.
Sec. 8.
(1) The fund shall develop procedures to evaluate types of business and industry and to set priorities as to which types of business and industry are most likely to provide significant opportunities for jobs and economic development in this state, consistent with the purposes of this act and of the fund. This evaluation shall include, but not be limited to, the location of the firm and the direct and indirect impact of assistance on state revenues and expenditures. Priorities shall be based on this evaluation and may give preference to any of the following:
(a) The retention of those businesses and industries which would be likely to leave the state absent economic incentives to remain.
(b) The revitalization and diversification of the economic base.
(c) Generating and retaining the greatest number of direct and indirect jobs.
(2) Based on the findings under subsection (1), the fund shall establish targets by which the operations and centers of the fund may be guided.
History:
1984, Act 270, Eff. Mar. 29, 1985
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-1 - Chapter 1 (125.2001...125.2014) › Section 125.2010 - Applicability of Limitation or Restriction.

125.2010 Applicability of limitation or restriction.
Sec. 10.
If the exercise of a power granted to the fund under this act is expressly limited or restricted under a particular chapter of this act, the limitation or restriction applies only when the fund is acting under that chapter.
History:
1984, Act 270, Eff. Mar. 29, 1985 ;-- Am. 1987, Act 278, Imd. Eff. Jan. 6, 1988
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-1 - Chapter 1 (125.2001...125.2014) › Section 125.2011 - Request for Assistance; Approval or Disapproval; Reconsideration.

125.2011 Request for assistance; approval or disapproval; reconsideration.
Sec. 11.
Within 90 days after assistance for a project is requested from the fund by the filing of a written application with the board, the board shall approve or disapprove the request for assistance. Upon written request by an applicant, the board may reconsider its denial of an application for assistance under this section or may waive the 90-day deadline for approving or disapproving an application.
History:
1984, Act 270, Eff. Mar. 29, 1985 ;-- Am. 1987, Act 278, Imd. Eff. Jan. 6, 1988
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-1 - Chapter 1 (125.2001...125.2014) › Section 125.2012 - Private Sector Financial Support; Associated Transactions.

125.2012 Private sector financial support; associated transactions.
Sec. 12.
(1) Significant private sector financial support shall be associated with all of the following transactions of the fund or any of its concerns:
(a) A product or an economic development project for which an applicant is being provided assistance from the fund or any of its centers.
(b) An economic development project in assistance of which, directly or indirectly, an applicant other than a municipality will use the financial support of the fund.
(2) Private sector financial support shall be associated with any loan or lease insurance, guarantee, or letter of credit being provided by the fund or any of its centers in relation to an economic development project.
History:
1984, Act 270, Eff. Mar. 29, 1985
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-1 - Chapter 1 (125.2001...125.2014) › Section 125.2012a - Loan, Loan Insurance, or Guarantee for Public Work; Requirements.

125.2012a Loan, loan insurance, or guarantee for public work; requirements.
Sec. 12a.
The fund shall not provide a loan, loan insurance, or guarantee for a public work which assists a project or exercise any of its power in relation to a project if completion of the project will cause the transfer of employment of more than 20 full-time persons from 1 or more municipalities of the state to the municipality for which the loan, loan insurance, or guarantee is provided or in which the project is located unless all of the following are met:
(a) The fund provides notification to each municipality from which such employment is to be transferred.
(b) If any notified municipality objects within 30 days to the transfer of the employment, the board votes by a majority vote of its members to enter the transaction notwithstanding the employment transfer and the objections to the transfer.
History:
1984, Act 270, Eff. Mar. 29, 1985
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-1 - Chapter 1 (125.2001...125.2014) › Section 125.2013 - Total Debt Owed to Fund; Limitation.

125.2013 Total debt owed to fund; limitation.
Sec. 13.
The total debt owed to the fund, excluding rights and royalties under a venture capital agreement or obligations to the fund resulting from an industrial development revenue bond or note, in relation to any 1 project shall at no time exceed 5% of the total assets of the fund, except that upon approval by a 2/3 vote of the board this amount may be increased to not to exceed 10% of the assets of the fund. This section does not apply to a program or activity authorized under chapter 8A.
History:
1984, Act 270, Eff. Mar. 29, 1985 ;-- Am. 1987, Act 278, Imd. Eff. Jan. 6, 1988 ;-- Am. 2005, Act 225, Imd. Eff. Nov. 21, 2005
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-1 - Chapter 1 (125.2001...125.2014) › Section 125.2014 - Loans and Transactions.

125.2014 Loans and transactions.
Sec. 14.
A loan made by the fund pursuant to this act or through any of its centers shall not be considered a loan proscribed by section 11 of Act No. 472 of the Public Acts of 1978, being section 4.421 of the Michigan Compiled Laws. In addition, any transaction of the fund pursuant to this act or through any of its centers shall be considered a financial transaction in the ordinary course of business of the fund for purposes of Act No. 472 of the Public Acts of 1978, being sections 4.411 to 4.431 of the Michigan Compiled Laws.
History:
1984, Act 270, Eff. Mar. 29, 1985
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-2 - Chapter 2 (125.2021...125.2026) › Section 125.2024 - Contracts for Management and Operation of Fund.

125.2024 Contracts for management and operation of fund.
Sec. 24.
The fund, in its discretion, may contract with others, public or private, for the provision of all or a portion of the services necessary for the management and operation of the fund.
History:
1984, Act 270, Eff. Mar. 29, 1985
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-2 - Chapter 2 (125.2021...125.2026) › Section 125.2025 - Actions by Fund; Equal Opportunity Criteria; Considerations When Entering Transaction.

125.2025 Actions by fund; equal opportunity criteria; considerations when entering transaction.
Sec. 25.
All actions taken by the fund shall be necessary or convenient to achieve the purposes and objectives of this act or of the fund. The fund shall establish criteria to assure equal opportunity to women, minorities, and small businesses. When deciding whether to enter into a transaction, the fund shall consider whether:
(a) The project is economically sound.
(b) The project can be successfully completed.
(c) The project is located or will locate in this state.
(d) The project can be partially financed through ordinary means at reasonable terms.
History:
1984, Act 270, Eff. Mar. 29, 1985
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-2 - Chapter 2 (125.2021...125.2026) › Section 125.2026 - Staff and Other Support; Cooperation of State Agencies.

125.2026 Staff and other support; cooperation of state agencies.
Sec. 26.
(1) If requested by the fund, the department of commerce shall provide staff and other support to the Michigan strategic fund sufficient to carry out its duties, powers, and responsibilities.
(2) All departments and agencies of state government shall provide full cooperation to the fund in the performance of its duties, powers, and responsibilities.
History:
1984, Act 270, Eff. Mar. 29, 1985
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-2A - Chapter 2a (125.2029...125.2029h) › Section 125.2029 - Definitions.

125.2029 Definitions.
Sec. 29.
As used in this chapter:
(a) "Commissioner" means the Michigan film commissioner created in section 29b.
(b) "Council" means the Michigan film office advisory council created in section 29c.
(c) "Local film office" means an office, agency, bureau, or department of a political subdivision of this state that seeks to promote film production within the political subdivision and that is funded principally by the political subdivision.
(d) "Office" means the Michigan film office created in section 29a.
(e) "Promotion fund" means the Michigan film promotion fund created under section 29d.
History:
Add. 2008, Act 75, Eff. May 4, 2008
Compiler's Notes:
For transfer of the Michigan strategic fund from department of treasury to department of talent and economic development, and transfer of powers and duties of board of directors of Michigan strategic fund to new board of directors, see E.R.O. No. 2014-6, compiled at MCL 125.1995.
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-2A - Chapter 2a (125.2029...125.2029h) › Section 125.2029b - Michigan Film Commissioner; Member of State Classified Service; Terms and Conditions of Employment; Agreement; Term; Oath of Office; Service as Advisor; Duties; Meetings; Exercise of Powers, Duties, Functions, and Responsibilities; Rules.

125.2029b Michigan film commissioner; member of state classified service; terms and conditions of employment; agreement; term; oath of office; service as advisor; duties; meetings; exercise of powers, duties, functions, and responsibilities; rules.
Sec. 29b.
(1) The head of the office shall be the Michigan film commissioner. The commissioner shall be a member of the state classified service. The terms and conditions of the employment of the commissioner shall be governed by a senior executive service limited term employment agreement and the rules and regulations of the civil service commission governing the senior executive service. The term of the agreement shall not exceed 2 years and shall end on December 31 of an even-numbered year consistent with the rules and regulations of the civil service commission. The governor shall be the appointing authority for the commissioner. Before entering upon the duties of his or her office, the commissioner shall take and file the constitutional oath of office provided in section 1 of article XI of the state constitution of 1963.
(2) The commissioner shall serve as an advisor to the governor on matters relating to films and other digital media. The commissioner may report directly to the governor and the president of the fund on matters relating to the office, to the council, and to films and digital media generally.
(3) The commissioner shall supervise, and be responsible for, the performance of the functions of the office under this chapter. The commissioner shall perform all duties vested in the commissioner under the laws of this state. The commissioner shall consult with the president of the fund on activities of the office affecting the fund.
(4) The commissioner shall attend the meetings of the council and provide the council and the president of the fund with regular reports and other information describing the activities of the office.
(5) Except as otherwise provided in this chapter, the commissioner shall exercise his or her powers, duties, functions, and responsibilities under this chapter independently of the fund.
(6) The commissioner may promulgate rules under the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328, as the commissioner deems necessary to execute the duties and responsibilities of the office.
History:
Add. 2008, Act 75, Eff. May 4, 2008
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-2A - Chapter 2a (125.2029...125.2029h) › Section 125.2029d - Michigan Film Promotion Fund; Creation Within State Treasury; Receipt of Money or Other Assets; Investment; Money Remaining in Fund at Close of Fiscal Year; Expenditure; Transfer and Deposit of Funds.

125.2029d Michigan film promotion fund; creation within state treasury; receipt of money or other assets; investment; money remaining in fund at close of fiscal year; expenditure; transfer and deposit of funds.
Sec. 29d.
(1) The Michigan film promotion fund is created within the state treasury.
(2) The state treasurer may receive money or other assets from any source for deposit into the promotion fund, including federal funds, other state revenues, gifts, bequests, and other donations, including, but not limited to, all of the following:
(a) Fees deposited in the promotion fund under sections 455 to 459 of the Michigan business tax act, 2007 PA 36, MCL 208.1455 to 208.1459.
(b) Proceeds deposited in the promotion fund under section 88d.
(c) Funds appropriated to create and operate the film and digital media production assistance program.
(3) The state treasurer shall direct the investment of the promotion fund and shall credit to the promotion fund interest and earnings from promotion fund investments.
(4) Money in the promotion fund at the close of a fiscal year shall remain in the promotion fund and shall not lapse to the general fund.
(5) Money in the promotion fund may be expended, upon appropriation, to support the functions of the office under this chapter and other applicable law and for purposes authorized under this chapter.
(6) Beginning October 1, 2011, the fund shall transfer to and deposit in the promotion fund all money appropriated for Michigan strategic fund – film incentive funding under section 1201 of 2011 PA 63.
(7) For the fiscal year ending September 30, 2020 only, $37,126,100.00 of the money in the Michigan film promotion fund is transferred to and must be deposited into the general fund.
History:
Add. 2008, Act 75, Eff. May 4, 2008 ;-- Am. 2011, Act 291, Imd. Eff. Dec. 21, 2011 ;-- Am. 2020, Act 199, Imd. Eff. Oct. 15, 2020
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-2A - Chapter 2a (125.2029...125.2029h) › Section 125.2029e - Michigan Economic Development Corporation; Joint Exercise of Power.

125.2029e Michigan economic development corporation; joint exercise of power.
Sec. 29e.
The powers and duties of the fund under this chapter may be exercised and performed by the Michigan economic development corporation as a joint exercise of power authorized under the urban cooperation act of 1967, 1967 (Ex Sess) PA 7, MCL 124.501 to 124.512, pursuant to the contractual interlocal agreement effective April 5, 1999, as amended, between local participating economic development corporations formed under the economic development corporations act, 1974 PA 338, MCL 125.1601 to 125.1636, and the fund, or under an intergovernmental agreement with local film offices or other governmental entities. This section does not authorize the office to exercise the powers and duties of the fund.
History:
Add. 2008, Act 75, Eff. May 4, 2008
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-2A - Chapter 2a (125.2029...125.2029h) › Section 125.2029f - Representation as Employee or Agent of Office, Commissioner, or Council; Authorization Required; Violation as Misdemeanor; Penalty.

125.2029f Representation as employee or agent of office, commissioner, or council; authorization required; violation as misdemeanor; penalty.
Sec. 29f.
(1) A person who is not an agent or employee of the office, commissioner, or council shall not represent that the person is an employee or agent of the office, commissioner, or council without the express authorization of the commissioner.
(2) A person who violates this section is guilty of a misdemeanor and may be imprisoned for not more than 93 days and shall be fined not more than $5,000.00.
History:
Add. 2008, Act 75, Eff. May 4, 2008
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-2A - Chapter 2a (125.2029...125.2029h) › Section 125.2029g - Transfer of Records, Personnel, Property, Grants, and Unexpended Balances.

125.2029g Transfer of records, personnel, property, grants, and unexpended balances.
Sec. 29g.
(1) All records, personnel, property, grants, and unexpended balances of appropriations, allocations, and other funds used, held, employed, available, or to be made available to any entity for the activities, powers, duties, functions, and responsibilities vested in the office under this chapter are transferred to the office. The state budget director shall determine and authorize the most efficient manner possible for handling financial transactions and records in the state's financial management system for the remainder of the fiscal year ending September 30, 2008.
(2) The unexpended balances of appropriations transferred to the office under subsection (1) include, but are not limited to, any funds appropriated to the office under section 88j(3)(e) remaining in a work project on the effective date of the amendatory act that added this subsection.
History:
Add. 2008, Act 75, Eff. May 4, 2008
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-3 - Chapter 3 (125.2031...125.2037) › Section 125.2031 - Center for Assistance to Private Enterprise; Establishment and Operation.

125.2031 Center for assistance to private enterprise; establishment and operation.
Sec. 31.
The fund shall establish and operate a center for assistance to private enterprise.
History:
1984, Act 270, Eff. Mar. 29, 1985
Compiler's Notes:
For transfer of the Michigan strategic fund from department of treasury to department of talent and economic development, and transfer of powers and duties of board of directors of Michigan strategic fund to new board of directors, see E.R.O. No. 2014-6, compiled at MCL 125.1995.
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-3 - Chapter 3 (125.2031...125.2037) › Section 125.2032 - Private Enterprise Assistance Account; Payments Into Account; Transfer of Money.

125.2032 Private enterprise assistance account; payments into account; transfer of money.
Sec. 32.
(1) The center for assistance to private enterprise shall be funded by an account, which shall be established and managed by the fund, to be known as the private enterprise assistance account.
(2) The fund shall pay into the account any money appropriated or otherwise provided by this state for the purposes of the center; any money determined by the fund to be paid into the account from the economic development fund to which the fund succeeded in ownership pursuant to section 22; any money which the fund receives in repayment of loans made through the center for assistance to private enterprise; and any other money made available to the fund for the purposes of the center from any other source, public or private.
(3) Money in the private enterprise assistance account may be transferred into any other account established by the fund, unless the fund is otherwise obligated to retain the money in the private enterprise assistance account or except if the money was appropriated by this state for the purposes of the center.
History:
1984, Act 270, Eff. Mar. 29, 1985
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-3 - Chapter 3 (125.2031...125.2037) › Section 125.2033 - Loans, Limitations.

125.2033 Loans, limitations.
Sec. 33.
Subject to the limitations provided by this chapter, the fund may utilize the money held in the private enterprise assistance account to make loans to private enterprise to finance economic development projects within this state which have the potential of creating new jobs or retaining current jobs within this state.
History:
1984, Act 270, Eff. Mar. 29, 1985
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-3 - Chapter 3 (125.2031...125.2037) › Section 125.2034 - Loans, Grants, or Investments; Limitations; Condition.

125.2034 Loans, grants, or investments; limitations; condition.
Sec. 34.
(1) Subject to the limitations provided by this chapter, the fund may utilize the money held in the private enterprise assistance account to make loans or grants to, or invest in, a certified development company under sections 501 to 503 of the small business investment act of 1958, 15 U.S.C. 695 to 697, and the regulations promulgated under those sections; a small business lending company under the small business act, 15 U.S.C. 631, 632 to 634, 636, 637 to 639, 640 to 649, and the regulations promulgated under that act; a minority enterprise small business investment corporation or equivalent venture capital corporation; the Michigan business development corporation created under former Act No. 117 of the Public Acts of 1963; or a similar entity that will provide financing assistance to business firms.
(2) Loans made pursuant to this section shall be made on the condition that the recipient of the loan will utilize the money to assist economic development projects within this state which have the potential for creating new jobs or retaining current jobs within this state.
History:
1984, Act 270, Eff. Mar. 29, 1985 ;-- Am. 1987, Act 278, Imd. Eff. Jan. 6, 1988
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-3 - Chapter 3 (125.2031...125.2037) › Section 125.2035 - Loans; Use; Recipients; Terms and Conditions.

125.2035 Loans; use; recipients; terms and conditions.
Sec. 35.
(1) Loans made from the private enterprise assistance account may be used for any purpose consistent with the purposes and objectives of the fund and this chapter including, but not limited to, the acquisition, improvement, or rehabilitation of land and buildings; the acquisition of machinery, equipment, or services; working capital; or for any other purpose reasonably related to an economic development project.
(2) Loans made from the private enterprise assistance account may be made to any person or entity, public or private, organized for profit or not for profit, consistent with the provisions of sections 33 and 34 and other applicable provisions of law.
(3) Loans from the private enterprise assistance account may be made on such terms and conditions as the fund shall, in its sole discretion, determine to be reasonable, appropriate, and consistent with the purposes and objectives of the fund and this act, which may include, but not be limited to, the pledging of adequate security.
History:
1984, Act 270, Eff. Mar. 29, 1985
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-3 - Chapter 3 (125.2031...125.2037) › Section 125.2036 - Loan for Economic Development Project; Legal Assurance as to Use of Money.

125.2036 Loan for economic development project; legal assurance as to use of money.
Sec. 36.
(1) A loan shall not be made from the private enterprise assistance account for an economic development project pursuant to section 33 unless significant private sector financial support is associated with the economic development project.
(2) A loan shall not be made from the private enterprise assistance account pursuant to section 34 unless the fund is legally assured that the money will be used to assist economic development projects which also will have significant private sector financial support.
History:
1984, Act 270, Eff. Mar. 29, 1985
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-3 - Chapter 3 (125.2031...125.2037) › Section 125.2037 - Paramount Priority in Making Loans.

125.2037 Paramount priority in making loans.
Sec. 37.
The fund shall give paramount priority in making loans from the private enterprise assistance account to economic development projects which have the greatest potential for creating new jobs or retaining current jobs within this state.
History:
1984, Act 270, Eff. Mar. 29, 1985
Popular Name:
Strategic Fund
2023 Michigan Compiled Laws › Chapter 125 - Planning, Housing, and Zoning › Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094) › 270-1984-3A - Chapter 3a (125.2038...125.2039) › Section 125.2038 - Legislative Findings and Declaration; Intent.

125.2038 Legislative findings and declaration; intent.
Sec. 38.
(1) The legislature finds and declares that the activities authorized under this chapter to promote this state and the creation of jobs in this state are a public purpose and of paramount concern in the interest of the health, safety, and general welfare of the citizens of this state. It is the intent of the legislature that the economic benefits and creation of jobs resulting from this chapter shall accrue substantially within this state.
(2) Activities authorized under this chapter shall not be considered a project, economic development project, or a product assisted by the fund for purposes of chapter 1 or 2.
History:
Add. 2010, Act 36, Imd. Eff. Mar. 31, 2010
Compiler's Notes:
For transfer of the Michigan strategic fund from department of treasury to department of talent and economic development, and transfer of powers and duties of board of directors of Michigan strategic fund to new board of directors, see E.R.O. No. 2014-6, compiled at MCL 125.1995.
Popular Name:
Strategic Fund