HB-5865, As Passed Senate, April 17, 2008

SENATE SUBSTITUTE FOR

HOUSE BILL NO. 5865

     A bill to amend 1984 PA 270, entitled

"Michigan strategic fund act,"

(MCL 125.2001 to 125.2094) by adding chapter 8B.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

CHAPTER 8B

     Sec. 89. (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 the creation of jobs

resulting from this chapter shall accrue substantially within this

state.

House Bill No. 5865 (S-1) as amended April 16, 2008

     (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.

     Sec. 89a. (1) The board shall establish a Michigan promotion

program to promote tourism in Michigan and pay business development

and marketing costs to promote business development in Michigan.

Tourism promotion shall include, but is not limited to, cultural,

vacation, recreational, leisure, hunting-related, [motor sports

 entertainment-related,] and agriculture-

related travel across this state that includes activities that

promote tourism in all 4 seasons.

     (2) The funding provided under this chapter for tourism

promotion is intended to enhance funding beyond that included in

the annual appropriation for travel Michigan to attract additional

tourism expenditures and development of the tourism industry in

this state.

     (3) Not more than 4% of the annual appropriation as provided

by law from the 21st century jobs trust fund established in the

Michigan trust fund act, 2000 PA 489, MCL 12.251 to 12.260, may be

used for the purpose of administering the program authorized under

this chapter.