FY 1999-2000 MICHIGAN STRATEGIC FUND BUDGET - S.B. 79 (P.A. 120 of 1999): ENACTED
| FY 1998-99 Year-to-Date Gross Appropriation | $0 |
| Changes from FY 1998-99 Year-to-Date: | |
| Items Included by the Senate and House | |
| 1. Executive Order 1999-1. Pending the approval of Executive Order 1999-1 all of the economic development functions of the Michigan Jobs Commission will be transferred into the Strategic Fund Agency which will subsequently be transferred to the Department of Management and Budget as an autonomous agency. | 143,229,100 |
| 2. Technical Training Centers. The bill does not include funding for these training centers as included in P.A. 69 of 1999. | (30,000,000) |
| 3. Community Development Block Grants. The bill includes a Federal increase to more accurately reflect the amount of revenue that will be available for this program. | 5,000,000 |
| 4. Economic Adjustments. The bill includes standard economic adjustments that are applied for salaries and wages, retirement, insurance, motor transport, workers' compensation, rent and building occupancy consistent across all budgets. | 688,000 |
| Conference Agreement on Items of Difference | |
| 5. Economic Development Job Training Grants. The bill includes the restoration of the $1 million GF/GP funding that in FY 1998-99 was used to fund the interdepartmental grant to the Department of Natural Resources for the Civilian Conservation Corps Camp at Alberta. The camp will be funded directly in the DNR budget for FY 1999-2000. | 0 |
| 6. Health & Aging Research and Development Initiative. Pursuant to target agreements, the bill includes this new line item. | 50,000,000 |
| Total Changes | $168,917,100 |
| FY 1999-2000 Enacted Gross Appropriation | $168,917,100 |
| FY 1999-2000 MICHIGAN STRATEGIC FUND BUDGET - BOILERPLATE HIGHLIGHTS |
| Changes from FY 1998-99 Year-to-Date: |
| Conference Agreement on Items of Difference |
| 1. Economic Development Job Training Grants. The bill includes new language that would exempt $60.0 million in grant funds used for the development of web-based or other distance learning from the 70% calculation provided for community colleges, if community colleges or a consortium of community colleges acts as a partner in the development of the program. (Sec. 401) |
| 2. International Offices. The bill does not include language referring to the report International and Business Development Office. |
| 3. Development Finance Agency Grant & Loan Program. The bill includes language requiring the department to report on the status of the fund. (Sec. 419) |
| 4. Purchase of Land. The bill includes new language placing conditions on the Strategic Fund/MEDC regarding land options or purchase of land stating the MEDC can only purchase options on land or purchase land in distressed areas, or at the invitation of the local unit of government or local economic development agency, and added intent language regarding land use plans. (Sec. 417) |
| 5. Northeast Michigan Promotion. The bill includes language specifying that of the funds appropriated for the Promotion program, $200,000 be allocated to promote tourism activities in the Northeast portion of the State and requiring that 25% of the funds be used to promote cultural tourism. (Sec. 411) |
| 6. Michigan Economic Development Corporation Reports. The bill includes language requiring the Fund to report on all activities of the Corporation, including actual expenditures, and number of FTEs for the various programs transferred in E.O. 1999-1. (Sec. 412, 413) |
| 7. Private Fund-raising. The bill includes language requiring all private fund-raising be done by the Michigan Economic Development Foundation for marketing, promotion, and events only and should any employees be detailed to Fund-raising activities they shall not be party to decisions regarding grant awards or tax abatements provided by the Strategic Fund, the Michigan Economic Development Corporation, or the Michigan Economic Growth Authority. The House deleted. (Sec. 415) |
| 8. Health and Aging Research & Development Initiative. Pursuant to targets, the bill includes new language outlining the distribution of these funds and identifying the new steering committee. (Sec. 418) |
Date Completed: 7/30/99 - Fiscal Analyst: M. Tyszkiewicz