HOUSE BILL NO. 4979

June 09, 2021, Introduced by Rep. Steven Johnson and referred to the Committee on Commerce and Tourism.

A bill to amend 1996 PA 376, entitled

"Michigan renaissance zone act,"

(MCL 125.2681 to 125.2696) by adding section 8i.

the people of the state of michigan enact:

Sec. 8i. Beginning January 1, 2022, the board of the Michigan strategic fund shall not designate a renaissance zone under section 8a, 8c, 8d, 8e, 8f, 8g, or 8h, unless the renaissance zone is located entirely in an eligible distressed area as defined in section 11 of the state housing development authority act of 1966, 1966 PA 346, MCL 125.1411.