March 6, 2008, Introduced by Reps. Ebli, Lemmons, Condino, Brown, Espinoza, Valentine, Simpson, Corriveau, Angerer, Lindberg and Dean and referred to the Committee on Tourism, Outdoor Recreation and Natural Resources.
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
to encourage diversification of the economy 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.
(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. 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.
Upon request from the board, the state treasurer shall transfer
appropriated funds from the 21st century jobs trust fund
established under section 7 of the Michigan trust fund act, 2000 PA
489, MCL 12.257, in the amounts designated by the board at the time
and as necessary to fund disbursements required for the Michigan
promotion program. 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.
Sec. 89b. (1) For the fiscal year ending September 30, 2008,
there is appropriated and transferred from the 21st century jobs
trust fund to the fund $60,000,000.00 for carrying out the purposes
of this chapter.
(2) The appropriation authorized in subsection (1) for the
Michigan promotion program is a work project appropriation and any
unencumbered or unallotted funds are carried forward into the
following fiscal year. The following is in compliance with section
451a(1) of the management and budget act, 1984 PA 431, MCL
18.1451a:
(a) The purpose of the project is to provide economic benefits
and job creation within this state and to create incentives for the
diversification of this state's economy through the promotion of
tourism and enhancing this state's business marketing and
development activities.
(b) The project will be accomplished through the use of
interagency agreements, state employees, and contracts.
(c) The total estimated completion cost of the project is
$60,000,000.00.
(d) The expected completion date is December 31, 2010.