SB-0025, As Passed Senate, October 20, 2016

SUBSTITUTE FOR

SENATE BILL NO. 25

     A bill to amend 1987 PA 231, entitled

"An act to create a transportation economic development fund in the

state treasury; to prescribe the uses of and distributions from

this fund; to create the office of economic development and to

prescribe its powers and duties; to prescribe the powers and duties

of the state transportation department, state transportation

commission, and certain other bodies; and to permit the issuance of

certain bonds,"

by amending section 9 (MCL 247.909), as amended by 1993 PA 149.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

     Sec. 9. (1) A project shall relate to 1 or more of the

following categories:

     (a) Economic development road projects in any of the following

targeted industries:

     (i) Agriculture or food processing.

     (ii) Tourism.

     (iii) Forestry.

     (iv) High technology research.

     (v) Manufacturing.

     (vi) Mining.

     (vii) Office centers of not less than 50,000 square feet.

     (viii) Medical research or medical tourism facilities of not

less than 50,000 square feet.

(b) (c) Projects for reducing congestion on county primary and

city major streets within urban counties including advanced traffic

management systems.

(c) (d) Development projects Projects for the improvement of

improvements within rural counties on rural primary roads in rural

counties and major streets in cities and villages with a population

of 5,000 or less.

(d) (e) Projects for development improvements within rural

counties on county rural primary roads or major streets within

incorporated villages and cities with a population of less more

than 5,000.

     (2) The minimum requirements specified in section 7 for

projects identified in subsection (1)(a) shall ensure that those

projects satisfy the following requirements:

     (a) Meet a particular transportation need that is shown to

exist.

     (b) Have an immediate positive impact on local employment and

the economy.

     (c) Exclude speculative projects with little or no return on

investment. Projects that contribute to the economic development

and redevelopment of areas having experienced or having significant

potential to experience job loss which that meet the criteria for

funding under section 7(3)(b)(ii) shall are not be considered

speculative for the purposes of this subdivision.

     (d) Provide cooperation and support between developers and

state and local government.

     (e) Were evaluated on the basis of impact on the local

community.

     (3) A project that is within 1 or more of the categories in

subsection (1) shall also meet the criteria developed for that each

category.