Bill Text: MI HB4783 | 2013-2014 | 97th Legislature | Engrossed
Bill Title: Economic development; other; next Michigan development act; modify. Amends sec. 5 of 2010 PA 275 (MCL 125.2955).
Spectrum: Moderate Partisan Bill (Democrat 23-4)
Status: (Passed) 2014-12-31 - Assigned Pa 447'14 With Immediate Effect 2014 Addenda [HB4783 Detail]
Download: Michigan-2013-HB4783-Engrossed.html
HB-4783, As Passed House, September 9, 2014
SUBSTITUTE FOR
HOUSE BILL NO. 4783
A bill to amend 2010 PA 275, entitled
"Next Michigan development act,"
by amending section 5 (MCL 125.2955), as amended by 2013 PA 238.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 5. (1) The board of the Michigan strategic fund, upon the
filing of an application under section 4, may designate the
applicant as a next Michigan development corporation. No more than
6
7 next Michigan development corporations may be
designated in
this state. The president of the Michigan strategic fund shall
develop the form of application for designation as a next Michigan
development corporation within 49 days of the effective date of
this act provided that an application from an eligible act 7 entity
or an eligible urban entity which otherwise meets the requirements
of this act may be filed with the board of the Michigan strategic
fund at any time after December 15, 2010, and any such application
shall be considered by the board of the Michigan strategic fund
under subsections (2) and (3). The Michigan strategic fund shall
use its best efforts to develop the application process jointly
with eligible act 7 entities and eligible urban entities.
(2) The board of the Michigan strategic fund shall apply the
following criteria in determining to designate a next Michigan
development corporation:
(a) The nominal level of unemployed workers within the county
or counties which are parties to the interlocal agreement creating
the applicant eligible act 7 entity, if the applicant is an
eligible act 7 entity, or within the applicant eligible urban
entity, if the applicant is an eligible urban entity, in each case
as publicly reported by the state department of energy, labor, and
economic growth as of the month preceding the filing of the
application on an adjusted or unadjusted basis, whichever is
greater.
(b) The number of local governmental unit parties to the
applicant's interlocal agreement if the applicant is an eligible
act 7 entity.
(c) Whether the application demonstrates evidence of
significant job creation potential of a regional or state asset or
combinations of enterprises, facilities, or obsolete facilities
within the territory of the applicant, as documented by a
comprehensive business plan and a third-party study or studies
quantifying the job creation potential, and the degree of the job
creation potential.
(d) Whether the application is supported by public and private
commitment and the degree of the commitment.
(e) The extent to which the interlocal agreement or the
eligible urban entity creates the possibility of streamlined
permitting.
(3) The board of the Michigan strategic fund shall grant or
deny designation to an applicant within 49 days of receipt of the
application. If the board of the Michigan strategic fund does not
grant or deny the designation within 49 days of receipt of the
application, the application shall be considered approved. If the
application is denied, the board shall provide the applicant with
the specific reasons for the denial by reference to the criteria
set forth in subsection (2). An applicant may amend the application
to take into account the reasons for the denial and thereafter may
resubmit the application to the board of the Michigan strategic
fund.
(4) The board of the Michigan strategic fund shall not
designate more than 2 next Michigan development corporations in a
calendar year. However, the board of the Michigan strategic fund
may designate 3 next Michigan development corporations in a
calendar year if 1 or more of the next Michigan development
corporations designated is located entirely north of 43° 49' in
this state.
